ADVOKS GLOBAL · KENYA
Higher Education Loans Board Act
13. Administration of the Fund
Edition: 2023-12-11 · In force
13. Administration of the Fund
(1)Every student wishing to be considered for the grant of a higher education loan shall make an application to the Board in the prescribed form.(2)Every student who has been awarded a higher education loan shall be issued with a Loanee Identification Personal Account Number by the Board (L.I.P.A.)(3)Any students who—(a)in filling a loan application form, knowingly makes any false statement, whether orally or in writing, relating to any matter affecting his request for a loan; or(b)being required under paragraph (a) to answer any questions, furnish any information or particulars or produce any document or paper, neglects to do so without reasonable cause; or(c)is granted a loan based on false information,shall be guilty of an offence and in the case of paragraphs (a) and (b) be liable to a fine of not less than three thousand shillings or to imprisonment for a term of not less than six months and in the case of paragraph (c) to a fine of not less than thirty thousand shillings or to imprisonment for a term of not less than three years.