The funding of learning in higher education is important towards increased access to requisite skills and knowledge for economic growth. This study investigated the adequacy of Higher Education Loans Board (HELB)
funding in meeting the needs of Rongo University students in Kenya. The students’ needs investigated include tuition, meals,
learning materials, accommodation and travelling costs. HELB is mandated by the Government of Kenya to provide affordable loans towards students’ education. A survey design was employed in the study. Questionnaires were used to collect data. Random sampling technique was used to select a sample size of 28 students from a population of 30 second year students.
Findings suggest that majority of the students received inadequate HELB funds for meals, accommodation, learning materials and tuition fees. It is recommended that unequal loaning that is pegged on academic merit of students joining university education should be aradicated to avoid discrimination of other deserving needy cases.