Education Cabinet Secretary Ezekiel Machogu has announced that the government has released 3.9 Billion Government Scholarship Funds to universities as promised.
According to the CS, the money is the first bit meant to cover Scholarships for Government-sponsored first-year students in public universities under the New Higher Education Funding Model.
Statistics show that a total of 115,892 first-year students successfully applied for scholarships by November 29, 2023. Therefore, the respective schools are expected to receive funds for these students on December 4th 2023.
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“Beneficiaries of the scholarships are those who successfully made their applications through the Higher Education Financing portal that was launched on August 31, 2023.”
The funds are mwant to cover the educational needs for students under the government sponsorship programme. This brings a total of Sh9.2 Billion that has been so far released under the new government funding model.
“The release of the scholarship amount brings to Sh9.2 Billion the amount of money the Government has so far released to first-year students under the New Higher Education Funding Model that President William Ruto launched on May 31, 2023.”
The new funding model to universities are structured in a way that: vulnerable and extremely needy students will qualify for 100 per cent government funding. They don’t pay anything as the government caters for everything.
Another group is the needy and less needy households. This cohort will get 93 per cent of government funding, with the students bearing 7 per cent of the tuition costs.
Needy students will receive government scholarships of up to a maximum of 53 per cent and loans of up to 40 per cent and the 7 percent will be covered by their families.
Therefore, Ezekiel Machogu has assured students and universities to expect funds tomorrow (4th December) in their respective accounts.
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