New Higher Education Financing Model: What you need to know about eligibility and application procedure
As 2022 KCSE students prepare to join various higher education institutions, the Government has unveiled a new funding model that will ensure students facing financial hardships will not be required to pay any fees to colleges and universities including their upkeep.
Key
to note is that all continuing students will not be affected by this
funding model and will continue to receive their funding based on the
Government’s existing model.
In accordance with President William
Ruto’s directive when he unveiled the new funding model on 3rd May
2023, students from the vulnerable
and extremely needy households
will receive 100% funding while
the needy and less needy will get 93%
government funding and a paltry 7%
contribution from their households to cover for the tuition fees.
All university and TVET students who
have
received letters from universities and TVET colleges as per the placement from Kenya Universities
and Colleges Central Placement Service (KUCCPS) are eligible for funding.
To effect this, the government has
classified students seeking funding into four categories, the vulnerable, extremely needy, needy and
less needy. The students joining
private institutions too are eligible for the HELB loan and are encouraged to
apply.
Funding across the four categories
will be determined by evaluating family economic background to ensure that
students from poor households are given priority in terms of scholarship
allocation while those from less needy households are covered by loan financing
from HELB as has been in the past.
How to Apply for Scholarships and Loans in the Higher Education Financing Portal
To get information on the new
funding model, parents and students are encouraged to visit www.hef.co.ke, HELB, UFB or visit Huduma centres for correct
information on the new funding model. Students who require
funding must make formal applications through www.hef.co.ke from 8th August 2023 to the
midnight of 7th September 2023.
Want to send us a story? SMS to 25170 or WhatsApp 0743570000 or Submit on Citizen Digital or email wananchi@royalmedia.co.ke
Comments
No comments yet.
Leave a Comment