New University Funding Model Bands Explained
In attempt to address the financial viability of universities and guarantee fair access to higher education, the Kenyan government has implemented a new model for paying institutions. The New University Funding Model Bands proposes a tiered approach to funding students based on their financial need and academic merit, departing from the prior system of blanket subsidies. The model seeks to involve different parties from the parents, educators, and students comprehend these new financing bands in order to effectively navigate Kenya’s higher education system.
Band 1: Vulnerable Band – This band is meant for financially disadvantaged families.
For families with a monthly income up to Sh5,995. In this Band, the government scholarship will cover 70% of their living and tuition costs, the loan will cover 25%, making the total support 95%. The family will contribute 5%, and the upkeep loan will be Sh60,000.
Band 2: Students under this Band are considered to be “Less Vulnerable”
For families with a monthly income up to Sh23,670. Under this Band, the government scholarship will cover 60%, the loan will cover 30%, making the total support 90%. The family will contribute 10%, and the upkeep loan will be Sh55,000.
Band 3: For families with a monthly income up to Sh70,000.
Students falling in this Band, the government scholarship will cover 50%, the loan will cover 30%, making the total support 80%. The family will contribute 20%, and the upkeep loan will be Sh50,000.
Band 4: For families with a monthly income up to Sh120,000. For the students in this Band, the will benefit as the government scholarship will cover 40%, the loan will cover 30%, making the total support 70%. The family will contribute 30%,
Band 5: For families with a monthly income above Sh120,000
Students under this Band will receive less support from the government as the parents are considered to be capable to carry the burden of fees.
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