New funding formula benefits varsity students, says VC

Prof Peninah Aloo Obudho has clarified how the new university funding model works through different bands.

A senior don has shed some light on the new university funding model that will benefit students who sat KCSE in 2022 onwards.

Speaking to Education News in her office, Prof Peninah Aloo Obudho, the Vice Chancellor (VC) Maasai Mara University, said that under this model, students are categorized into five bands based on their financial needs.

Band 1: Government pays 95 per cent of the fee and household pays 5 per cent. Pocket money is paid directly to the student by the government, which is 60K per year.

Band 2: Government pays 90 per cent of the fee and household pays 10 per cent. Ksh55,000 pocket money paid directly to the student per year.

Band 3: Government pays 80 per cent of the fee and household pays 20 per cent. Ksh50,000 given to the student each year as pocket money.

Band 4: Government pays 70 per cent of the fee and the household pays 30 per cent. Ksh45,000 paid directly to the student as pocket money per year .

Band 5: The government pays 60 per cent of the fee as the household pays 40 per cent. Ksh40,000 pocket money paid directly to the student by the government per year.

Obudho however pointed out that in case of single parents, the form should be signed by an advocate to verify that it’s true and urged all the incoming students of Maasai Mara to come to campus between 13th and 14th August so that they can be assisted.

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By Nancy Masit

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