Thousands of Egerton University alumni have been humiliated on social media as well as the institution’s website for being in debt.
The school listed some names of those who are in financial burden despite leaving college. The alleged list of shame was published on Thursday on the school website and social media pages, including Facebook.
The 82-page list featured arrears ranging in the hundreds of thousands while some have balances worth KSh fifteen cents, one shilling and six shillings.
Alumni flooded the school’s website slamming that the arrears should have been deducted from caution money fees that the campus does not refund after graduating.
Others said they can’t come to terms with the fact that defaulters were allowed to graduate at all since they had fee balances as practiced by most universities.
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An analysis of the list done by some news agents showed that the highest amount owed to the institution be the a defaulter was KSh 608,000.
Names that were enlisted include defaulters from the year 1997 to 2012. The school threatened to have them publish with the Credit Reference Bureau (CRB) of the amounts if they don’t comply before August 31, 2016.
And that does not come without a consequence as it makes anyone unfit to apply or obtain loans from banks or mobile platforms.
This is because the credit rating of the people in the category is negated and their financial credit information is shared with financial institutions that handle financial transaction.
One has to clear the debts and obtain a CRB certificate of clearance before they can qualify to get loan from an institution.