By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Newsunplug KenyaNewsunplug KenyaNewsunplug Kenya
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Reading: Ruto unveils new funding model for universities based on need levels
Share
Notification Show More
Font ResizerAa
Newsunplug KenyaNewsunplug Kenya
Font ResizerAa
  • News
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Newsunplug Kenya > Blog > News > Ruto unveils new funding model for universities based on need levels
News

Ruto unveils new funding model for universities based on need levels

hallanaija
Last updated: May 4, 2023 3:38 am
hallanaija
2 years ago
Share
SHARE

The government has announced a new funding model for universities and technical and vocational education and training (Tvet) institutions that will be student-centered, predictable and that will encourage the institutions to seek other revenue streams.

The new framework will be applicable for the new cohort of students joining universities and Tvets and does not increase tuition fees.

Under the new model, universities and Tvets will no longer receive block funding in form of grants based on differentiated unit cost (DUC) currently in use. Instead, the government has resolved that university funding will be apportioned to individual students according to their level of need.

universities

“Funding to students shall combine scholarships, loans and household contributions on graduated scale, scientifically determined by means testing instrument,” President William Ruto said in a televised address from State House Wednesday.

This is an instrument developed by the Higher Education Loans Board (Helb) that categorises students into three levels of need – vulnerable, less vulnerable and able.

Under the new framework, the State has increased funding for university education to Sh84.6 billon from Sh54 billion allocated in the current financial year as loans and grants. This translates to an allocation increase per student from Sh152,000 to Sh208,000.

READ MORE  Pool Attendant Linked To Drowning Of Visa Oshwal Pupil Detained

The budgetary allocation for Tvets will increase from Sh5.2 billion to Sh10 billion in the 2023/24 financial year, translating to Sh67,000 per year per trainee.

Currently, funding to universities on the differentiated unit cost (DUC) model allocates funds to institutions based on the number of undergraduate students registered on the regular programme and the type of courses they undertake.

According to the World Bank, the poorest nations have had the largest debt load for 18 years.
MP Babu Owino: When I see Mama Mboga, I see my mother, who sold chang’aa to transport us to school.
MP Racheal Nyamai said Gen Z’s protests against the Finance Bill were staged to obtain views on TikTok
Motorists Turned Away From Fuel Stations As Pumps Run Dry
Kuria Confident About 47 County Industrial Parks In A Year
Share This Article
Facebook Email Print
Previous Article housing levy Land prices in Ruaka town race ahead of Runda, Karen
Next Article Haaland Haaland Sets Premier League Goal Record To Put Man City Back On Top
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

about us

We influence 20 million users and is the number one business and technology news network on the planet.

Recent Posts

  • Chelsea are planning a contract until 2031 for Xavi Simons. Personal terms are verbally agreed, with written details set to be finalised next week.
  • Liverpool finally have their new Philippe Coutinho with £100m transfer inevitable
  • RB Leipzig Close in on Harvey Elliott as Liverpool Midfielder Eyes Xavi Simons Role
  • Jay-Z officially becomes World’s richest musician with $2.5 Billion net worth
  • Mombasa blogger who was sodomised decries abandonment, says life in danger

Recent Comments

No comments to show.
Newsunplug KenyaNewsunplug Kenya
© Newsunplug Kenya. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?