The Kenyan government has unveiled a new funding model for universities and Technical and Vocational Education and Training (TVET) institutions.
The new funding model, which is said to be student-centered and quality-driven, aims to enhance equality, fairness, and transparency in apportioning government scholarships and loans to those seeking university and college admissions.
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The new funding model will be based on four criteria: choice of the program, household income band, affirmative performance, and government priority areas.
Under the new funding model, the government will fully fund the vulnerable students who include those living with disabilities where they will receive 80% scholarships and 20% loans.
The neediest students will receive 70% scholarships and 30% loans. The third category of needy students will receive 50% scholarships, 30% loans, and 20% of their fees will be met by their families.
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The last category of the less needy students will receive 32% scholarships, 48% loans, while their households will pay the remaining 20% of the fees.
The new funding model is a significant departure from the previous differentiated unit cost (DUC) model, which provided block funding to universities and TVETs based on the number of students enrolled.
The DUC model was criticized for being inequitable, as it did not take into account the cost of living or the financial need of students.
The new funding model is expected to address some of the shortcomings of the DUC model. By funding individual students, the government will be able to ensure that all students have access to quality education, regardless of their financial background.
The new model is also expected to promote equity and fairness in the allocation of scholarships and loans.
The new funding model is a positive step towards ensuring that all Kenyans have access to quality education.
The government has made a significant investment in education, and the new funding model will help to ensure that this investment is used effectively.
The new model is also expected to promote equity and fairness in the allocation of scholarships and loans, which will help to level the playing field for all students.
The new funding model is expected to have a positive impact on the Kenyan economy. By investing in education, the government is investing in the future of the country.
The new model is expected to lead to a more skilled workforce, which will boost economic growth. The new model is also expected to reduce poverty, as more people will be able to access quality education and get good jobs.
The new funding model is a significant step forward for Kenya. It is a sign of the government’s commitment to education and its belief in the power of education to transform lives.
The new model is expected to have a positive impact on the Kenyan economy and society.
The benefits of the new funding model:
- It will ensure that all students have access to quality education, regardless of their financial background.
- It will promote equity and fairness in the allocation of scholarships and loans.
- It will help to level the playing field for all students.
- It will lead to a more skilled workforce, which will boost economic growth.
- It will reduce poverty, as more people will be able to access quality education and get good jobs.
The new funding model is a positive step for Kenya. It is a sign of the government’s commitment to education and its belief in the power of education to transform lives. The new model is expected to have a positive impact on the Kenyan economy and society.
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