New funding model places 150k KCSE candidates in universities
New funding model places 150k KCSE candidates in universities
New funding model places 150k KCSE candidates in universities
153,274 applicants who took the 2023 KCSE have been assigned to institutions under the Student-Centred Funding Model, according to information released by the Ministry of Education.
In a statement released on Friday, June 7, Machogu said that since the new funding model’s deployment in September 2023, a sizable number of students have applied for support. This funding model divides funding from the placement of first-year students at universities.
“As of May 2024, 151,933 TVET students and 112,741 university students filed for loans and scholarships from the Universities Fund and HELB, respectively. TVET trainees received Sh11.3 billion in funding, while university students received Sh24.76 billion in loans and scholarships, according to Machogu.
Among the 201,146 candidates who passed the 2023 KCSE exam and were eligible for university admission, KUCCPS has assigned 153,274 students to different university degree programs.
As the second group of beneficiaries is ready to enroll in college, the government has mandated that tuition for degree programs be paid for by loans, scholarships, and parental contributions.
“Parents or guardians contribution for each student will only be known after the student has applied for funding and assessment based on the level of need is completed. This will thereafter determine the amount of scholarship and loan that they require,” Machogu clarified.
The Cabinet Secretary directed the HELB and the Universities Fund (UF) to open the funding portal by June 15 to enable eligible students to apply for funding.
The results for the funding application process are set to be released from July 31, 2024.
Machogu also urged universities and funding agencies to embark on a sensitisation programme on the new funding model.
He said that by doing this, parents and pupils would be better able to comprehend the advantages of the new approach.