Government announces changes on the university funding system
3 min read
Government announces changes on the university funding system to disburse funds based on the number of students
Government announces changes on the university funding system to disburse funds based on the number of students.
The government is looking into new options for funding universities, colleges, and Technical and Vocational Education and Training (TVET) institutions, according to a statement made by President William Ruto on Sunday, April 30.
Speaking during a church service in West Pokot, Ruto indicated that the government would distribute funding based on the number of students, as opposed to providing collective payments to colleges and universities.
He added that efforts were being made to convert all eligible students’ awards into scholarships.
“We are unveiling a new system of funding higher learning institutions. Instead of issuing grants to colleges, we will issue scholarships for every student,” he declared.
Set to take effect on Monday, May 1, Ruto explained that the system would solve the financial crises afflicting institutions of higher learning.
“Many institutions suffered because they have been grossly underfunded. In our budget, we have reorganized the funding so that it reflects the need of every college and every student,” the Head of State noted.
He explained that the decision was made in consultation with vice-chancellors and stakeholders at the Ministry of Education.
“The new funding mechanism is going to rescue our institutions of higher learning and put them on a proper funding trajectory that will make our university education more responsive,” Ruto explained.
The President further promised the residents of West Pokot that his government will revive the university located in the region stating that every county should have at least one institution of higher learning.
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On his part, Speaker of the National Assembly Moses Wetangula called on the leaders of the region to sensitize locals to take their children to school.
The speaker explained that education would go a long way in eradicating the banditry menace that affected the county for decades.
University Debt
A report disclosed that universities owe a sum total of Ksh56 billion as of May 2023 with Kenyatta University and University of Nairobi owing the most to staff and government agencies.
The debt burden forced a number of institutions to shut down their satellite campuses and lay off their staff in a bid to cut costs.
Military Base
Ruto also promised that his government was ready to build a permanent military base in the area.
“We have bought them graders to come and open up the roads, sink boreholes, and build dams so that this region can benefit from development just like others in the country,” Ruto stated.
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