Connect with us

Economy

Government Unveils New Funding for College Students

Avatar

Published

on

A new model of supporting higher education stipulates that students who are vulnerable and in dire need will not be required to pay tuition starting this academic year.

The funds, according to President William Ruto, will come from government grants, loans, and scholarships.

He said students from needy households joining universities will receive Government scholarships of up to a maximum of 53 percent and loans of up to 40 percent.

Their households, the President explained, will only pay seven percent of the cost of their university education.

“Those joining TVETs will receive Government scholarships up to a maximum of 50 percent and 30 percent in loans,” he noted.

These households will cover 20% of the expenses.

According to the plan, government scholarships up to a maximum of 38% of the program’s cost, and loans for the remaining 55% would be used to pay for less needy students’ university tuition.

Their households will pay only seven percent.

For those joining TVETS, they will be funded 32 percent for Government scholarships, 48 percent for loans, and their households will pay 20 percent of the costs.

President Ruto observed that it was the Government’s commitment to ensure all students are supported adequately in their education.

“No student will ever be left behind.”

The President said a new funding model is inevitable to solve the financial crises that public universities are in.

He noted that the funding will be student-centered and apportioned to learners based on their need level.

The scholarships and loans, he explained at a media briefing on Wednesday at State House, will be distributed equitably.

Enterprise Magazine is Owned by The Carlstic Group Ltd. Copyright © 2016—2024. Site Developed and Maintained by Carlstic