PRIME Employers face five per cent penalty over student loan remittance The Bill imposes a Sh1m fine or imprisonment for a term not exceeding two years for breaching the law. Education Just now
“A loanee in the informal employment shall enter into a payment plan with the Authority on the mode and frequency of payment,” The Bill stipulates that in making deductions in loan repayments, the Tertiary Education Funding Authority shall deduct not more than 25 percent of the loanee’s emoluments.
The Tertiary Education Placement and Funding Bill, 2026 requires an employer to deduct not more than 25 percent of a loanee emoluments while making deductions for loan repayments to the government.
The proposed law establishes the Tertiary Education Funding Authority whose function is to grant loans to eligible students and trainees pursuing tertiary education.
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