The government is set to unveil a new funding model for vulnerable and extremely needy students.
According to the new model set to take effect this year, needy students will not have to pay school fees.
Moreover, President William Ruto stated that the funding will be through government scholarships, loans and bursaries.
The head of state added that needy students joining universities will receive government scholarships of up to a maximum of 53 per cent and loans of up to 40 per cent.
He added that their families will only pay seven per cent of the cost of their university education.
“Those joining TVETs will receive Government scholarships up to a maximum of 50 per cent and 30 per cent in loans,” he noted.
Likewise, such households will pay 20 per cent of the costs.
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Furthermore, the education funding model stipulates that the less needy students joining universities will be funded through a government scholarship of up to a maximum of 38 per cent of the cost of the programme and 55 per cent in the form of loans.
As such their households will only cater for seven per cent.
Students joining TVETS will be funded 32 per cent for government scholarship, 48 per cent for loans and their households will pay 20 per cent of the costs.
In addition, the president observed that it is the government’s commitment to make sure all students are supported adequately in their education.
“No student will ever be left behind.” President Ruto added.
According to the head of state, a new funding model is inevitable to solve the financial crises that public universities are in.
He further stated that the funding will be student-centered and apportioned to learners based on their need level.
President William Ruto who spoke during a press briefing on Wednesday, May 3 at state house Nairobi noted that the loans and scholarships will be distributed equitably.
