A sharp contradiction has emerged between the Higher Education Loans Board (HELB), Chairperson Ekwe Ethuro and HELB CEO Geoffrey Monari, giving conflicting state of affairs over the true financial state of student funding.

While Ethuro during an interview on Spice FM on Thursday insists that HELB is financially sound, Monari paints a grim picture. "HELB is not broke.

It's just like any other entity," said Ethuro. "We got Sh34.6 billion last year, and have been allocated Sh41 billion this year.

Of course, demand is rising, but the government has been responsive,'' he said.