Another 3.9Billion Scholarship Fund released to public Universities
Education cabinet secretary, Ezekiel Machogu has revealed that Another 3.9Billion Scholarship Fund has been released to public Universities.
The fund will be accessed by students who applied through the Higher Education Financing portal that was launched on the 31st of August 2023.
Notably, The ministry highlighted that universities will receive the scholarship portions for their respective students by 4th December 2023.
He stated,”A total of 115,892 First Year students had successfully applied for scholarships by 29th of November 2023. The Universities Fund will disburse the Sh3.9 Billion directly to individual universities for the successful applicants to cover their tuition fees based on the student’s individual need under the New Funding Model,”
“The release of the scholarship amount brings to Ksh9.2 Billion the amount of money the Government has so far released to first-year students under the New Higher Education Funding Model that His Excellency President William Ruto launched on May 31, 2023,” he added.
This comes a month after the ministry education through the Higher Education Loans Board, disbursed Ksh5.3 Billion for loans to First Year students.
The government explained that allocation of funds to students was based on a reliable scientific method, Means Testing Instrument (MTI), used to ascertain the student’s level of financial need, to ensure they are supported adequately.
Machogu added,”The Ministry of Education wishes to express the Government’s unwavering commitment to promoting access to university education, and providing financial support to all deserving students, to ensure no one is left behind.”