President William Ruto has said the new university funding model is working according to plan, and university managements share the same opinions.
After a meeting with Vice Chancellors (VCs) of all public universities and constituent colleges yesterday, Ruto predicted that within the next three years, the financial challenges faced by public universities will be history.
“The VCs confirmed that the financing model is working and in three years’ time (it) will sort out the financial challenges facing our universities,” Ruto said.
The president also affirmed his government’s dedication to enhancing financial support for the institutions and its students.
“The government is committed to enhancing budgetary support for the differentiated unit cost for continuing students,” said Ruto.
The meeting between President William Ruto and VCs in State House. The new university and TVETs funding bill was unveiled on May 3, 2023 by the president during a ceremony at University of Nairobi. He said it was aimed at primarily benefitting students from extremely poor backgrounds. Under the new model, universities and TVETs no longer receive block funding as capitation. Instead, students will receive funds through scholarships, loans and household contributions.
According to him, the model ensures that students from vulnerable and extremely needy families have equal chances to access university education. Needy students will be eligible for government scholarships of up to 53 per cent and loans of up to 40 per cent.
The new model, however, is only relevant to candidates who sat their KCSE from 2022 onwards.
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By Frank Mugwe
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