June 13, 2024
President Ruto Explains Why He Did Away With Automatic University Sponsorship

President Ruto Explains Why He Did Away With Automatic University Sponsorship

President William Ruto explained the government’s desire to implement a new funding model for higher education institutions on Tuesday, claiming that it is the only option to end the debt issue affecting public colleges.

Following a meeting with university vice-chancellors at the State House, the President announced that the new model is projected to relieve the universities of debt within three years.

“The vice-chancellors confirmed that the financing model is working and in 3 years will sort out the financial challenges facing our universities,” stated Ruto.

This new university funding paradigm, which goes into effect in 2023, eliminates automatic government support for students who meet the eligibility requirements to attend public universities.

Instead, it requires students who have been placed by the Kenya Universities and Colleges Central Placement Service to apply for a government scholarship if they are in need.

“Placement by the Kenya Universities and Colleges Central Placement Service will now be based on merit and choice. Students will apply separately for financial assistance, including government scholarships and loans,” explained the PS for the State Department of Higher Education and Research, Beatrice Inyangala.

The new funding model also states that university students would be awarded scholarships and support based on the cost of their course of study.

“The model additionally provides for actual funding criteria based on the cost of university programs,” added the principal secretary.

Similarly, the funding model prioritizes a student’s financial needs.

The principal secretary went on to explain that the methodology divides kids into five categories based on their household income.

In relation to the President’s debt eradication strategy, the new formulae allow institutions to profit from a variety of financial streams, including student finance, research grants, capital infrastructure grants, and consultant services.

NFM replaces the Differentiated Unit Cost (DUC) model, which historically financed universities by issuing capitation money to tertiary institutions each fiscal year.

President Ruto Explains Why He Did Away With Automatic University Sponsorship

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