With the rise in tuition in many universities and colleges in Kenya, KUCCPS assures the public that all students placed in universities and colleges this year will be funded equitably as there is an adequate budget.
The Kenya Universities and Colleges Central Placement Service (KUCCPS), the Universities Fund (UF), and the Higher Education Loans Board (HELB) are the three government agencies responsible for the placement and funding of students in universities and colleges respectively.
On Friday, in Naivasha during the sensitization workshop, the three government agencies mentioned above briefed journalists on the new funding model for higher education in Kenya.
The workshop follows the completion of the placement of students to universities and TVET colleges, and the launch of the Higher Education Financing portal.
It was on the same date (August 11, 2023) that the Chief Executive Officers of the agencies made the remarks for journalists in Naivasha County. In this workshop, the New Funding Model and the procedure for categorization of students into various levels of need were explained.
The workshop also provided the opportunity for journalists to ask questions and seek clarification from the implementing agencies. The newly placed students are currently applying for government loan and scholarships through the portal.
Dr. Agnes Wahome, CEO, of KUCCPS, appreciated the role of the media in helping the public to understand the new funding model and highlighted the significance of a centralized student placement process.
“If KUCCPS plays the central role in the placement of students in all higher institutions of learning including KMTC, then financing education will be easier,”
Mr. Geoffrey Monari, The CEO of Universities Fund, also emphasized the importance of sharing funding information for the sake of Kenyans. “The role of financing in universities is so critical. Thus, we need you to understand the process so as to interpret it accurately to Kenyans,” he told the journalists drawn from all the major media houses.
As a way to solve the problem of financial crisis universities experience as a result of the Differentiated Unit Cost (DUC) model of funding, The new student-centered funding formula was introduced as a solution to this problem.
Finally, FCPA Charles Ringera (HELB Chief Executive Officer) explained the process of applying for scholarships and loans reiterating that the funding would ensure equity on a need assessment basis using the Means Testing Instrument.
Students can be assured that there will be no student who will miss funding as this model ensures reasons being that the workshop concluded with assurance that there will be funding for all students and application period is open until September 7, 2023.