Ruto's New University Funding Model Set to Eradicate the Public Universities' sh60.2B Debt

Kenya’s head of state William Ruto announces a new university funding model as a way to end the public universities' crippling debt of Ksh.60.2 Billion.

During a press briefing, the president noted that the new model will be focused on financially disadvantaged students who will receive funding through loans and scholarships.

“Finally, we have a new funding model for our universities and TVETs. which will provide adequate and predictable resources for our children. Their parents will contribute nothing. The funding shall be through government scholarships and loans,” he stated.

As announced by the President, the students will be divided into three groups: The Vulnerable, the Less Vulnerable, and the Capable; hence, the funding will be distributed according to the groups.

He further assured that the new model will not raise university fees for students and further added that the government would increase the funding budget given to those institutions.

"This new funding model does not increase university fees. Under the new model, we are increasing the university allocation in the new financial year from Ksh54 billion to Ksh84.6 billion," Ruto stated.

It has now been declared that Universities and TVETs will no longer be receiving block funding in the form of grants based on differentiated unit costs.