Ruto affirms the existence of the varsity funding paradigm and defends it.
Ruto affirms the existence of the varsity funding paradigm and defends it.
The new approach of university finance has been defended by President William Ruto.
According to the President, students have been divided into five groups under the new university funding scheme.
Ruto claimed that the banding in the new funding scheme was preexisting when speaking during a town hall meeting.
“There has always been banding; we just started it in 1996. Although there is a push to believe that this model is where the banding originated, that is not the case. It has existed forever.
According to the President, there are now five bands instead of the previous four because he added one.
The Differentiated Unit Cost (DUC), which was formerly used to finance universities, has been replaced with this funding structure.
According to Ruto, the model, which was unveiled on May 3, is to guarantee that all qualified students receive sufficient financial assistance for their study.
Additionally, it ensures that all students receive fair and sufficient support according to their financial circumstances and supports the availability and accessibility of high-quality higher education.
Finance schemes
Group One
This is mainly for the most disadvantaged family, defined as one whose monthly income does not exceed Sh5,995.
In this case, the government scholarship will pay for seventy-five percent of the fees, the loan for twenty-five percent, for a total support of ninety-five percent.
Here, the student will receive an upkeep loan from Helb worth Sh60,000 and the family would pay 5% of the expenses.
Group Two
This is directed for households whose monthly income is higher than Sh5,995 but still falls below Sh23,670.
In this category, the loan will cover thirty percent and the government scholarship sixty percent.
Ten percent of the fees will be covered by the family. The student will be given an upkeep loan of Sh55,000 under this category.
Group Three
This is for households whose monthly income is over Sh23,670 but does not exceed Sh70,000.
In this case, the loan will cover thirty percent and the government scholarship fifty percent.
Twenty percent of the costs that are expected to be paid will come from the family. A Sh50,000 upkeep loan will be given to students in this category.
Group Four
It is aimed at families with monthly incomes over Sh70,000 but less Sh120,000.
Thirty percent will come from the loan, and forty percent will come from the government scholarship.
Group Five
It is intended for households with monthly incomes over Sh120,000.
Families in this group will be responsible for 30% of the fees.
While their family will be expected to pay 40% of the fees, they will receive 30% of the fees as a loan.
Ruto affirms the existence of the varsity funding paradigm and defends it.
