Hey there, future university students! I’ve got some news for you, straight from the CEO of University Funding, Geoffrey Monari. Listen up, because it’s important. Starting this year, you’ll receive information about your funding in August, a whole month before you set foot on campus. That’s like getting an early present, right?
Here’s the deal, folks. University Funding, in partnership with the Higher Education Loans Board (HELB), has come up with a cool plan to categorize students into four groups. They’re calling them the vulnerable, extremely needy, needy, and less needy. It’s all about making sure the ones who need the most help get it, while those who can manage on their own contribute a bit more. Fair is fair, right?
To figure out who falls into which category, they’re using some fancy indicators. Things like parents’ background, gender, course type, marginalization, disability, family size, and composition. It’s like solving a puzzle to determine the funding distribution. They want to make sure that the support goes where it’s needed the most.
Now, hold on to your hats because there’s a process involved. The Kenya Universities and Colleges Central Placement Service (KUCCPS) is currently working on finalizing the placement process. Once that’s done by mid-July, University Funding and HELB will swing into action and assess all you 2022 KCSE candidates in August. It’s like a big evaluation party!
This assessment is crucial, my friends. It will help families figure out how much they need to contribute to your university education under the new funding formula. And let me tell you, it’s looking pretty good. The government has got your back, especially if you’re in the vulnerable or extremely needy category. They’ll be fully funding your education. That’s right, the government is stepping up!
If you fall into the needy category, you’re still in luck. You’ll be eligible for government scholarships covering up to 53 percent of the costs, plus loans of up to 40 percent. That’s like a scholarship-loan combo, my friends. And guess what? Your family will only need to contribute seven percent. It’s a pretty sweet deal if you ask me.
Now, don’t worry if your family is well-off. The government has thought about that too. They’ve got a plan to provide more loans than scholarships for students from affluent backgrounds. It’s all about making sure everyone gets a fair shot at an education.
Last year, a whole bunch of you guys scored C+ and above, qualifying for degree courses. That’s awesome! And even those who got between C-minus and C weren’t left behind. They qualified for diploma courses. It’s like there’s something for everyone in this educational adventure.
Oh, and did I mention that the new funding formula replaces the old one? Yeah, it’s out with the old, in with the new. They realized that both rich and poor students shouldn’t be treated the same when it comes to funding. That just doesn’t make sense, right?
So, get ready, my friends. The government has upped its game and allocated more funds for university education. They’re dishing out Sh84.6 billion to support this new funding formula. It’s like a big investment in our future. You guys are the stars, and they want to make sure you shine bright.
So, keep your eyes peeled for that August update, and get ready to kickstart your university journey. It’s an exciting time, and the government’s got your back. Good luck, future scholars!