DEGREE DEBT

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Bottomline: The 74000 loan defaulters seem like people who made the wrong decisions after university, but in a few years, you just might be one of those defaulters, an addition to the statistics, courtesy of a system that equips you with a pen to till the proverbial land.

The dreary life of a student involves cutting close to missing a class, singing praises about KDF accompanied by the occasional wild weekend out. When they are not doing this you can bet their minds are slowly ruminating on one matter: money.

It’s not a generational hobby that has been taken upon to pass time, neither is it a wild fantasy for a future filled with luxury cars and vacation homes (although let’s admit, we all think that is how our future turns out to be). It is how the world operates in 2019, how the cogs and pulleys are powered behind the scenes of our lives. Money is the nameless-faceless controller working and the more you have, the better your life plays out.

Tala, Fuliza, Branch and other daytime nightmares; It should be illegal how fast and easy it is to get loans from all these apps. One drunken night out, where your mind is hazy and the world is a bed of possibilities, next thing you know you owe some app a preposterous amount of money, the real joke is how fast these “loans” (more of poverty enhancing schemes) accumulates interest over a short period of time. How quickly they turn from ‘nitalipa tu’ I will just pay to ‘nitajificha wapi’ where will I hide. The moment of disillusionment comes when your wake up in a cold sweat from a nightmare where you are being hauled into a police vehicle, by Branch itself.

Long, cruel arm of the government; It really was not a game when they said “when it rains it pours”, because when the showers hit you from all directions, you are sure to be drenched to the bone. The government solidified our belief in this ominous little saying by proving just how much you could get poured on. Just when you thought Tala is coming to get you for the three year old loan was the conjuring of some meme makers mind, here comes the government actively seeking you out for a HELB loan you barely think about (what with everything happening in a student’s mind, who thinks about HELB anyway?).

I’m sure those speakers don’t look so good now that there is a bounty attached to it. Sure, the 74000 loan defaulters seem like people who made the wrong decisions after university, but in a few years, you just might be one of those defaulters, an addition to the statistics, courtesy of a system that equips you with a pen to till the proverbial land.

The dark future; At this rate, we might as well invest in a future filled with more jail cells, more laws to accumulate the needs of debts, and schemes to catch more loan defaulters, because let us be honest, who does not owe these apps any money?

In a twisted reality where there are fewer jobs up for grabs compared to the number of graduates being churned out yearly by our mushrooming varsities; with the random cancellation of university courses, how are the said defaulters supposed to pay off their debts. The Kenyan government forcibly demanding former students pay up their HELB loans can closely be compared to a mother demanding payment from a toddler for raising them. May the miracle of SportPesa jackpots save us from the impending incarceration…….

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