The Muslim Education Council wants Parliament to remove provisions that allow interest to be imposed on student loans, saying learners should not repay more than the amount they borrowed apart from any clearly stated administrative cost.
By Maureen KinyanjuiUnder the proposed model, vulnerable students would receive 82 per cent of their education costs as scholarships and 18 per cent as loans. Extremely needy students would get 70 per cent as scholarships and 30 per cent as loans, while needy students would receive 53 per cent as scholarships, 40 per cent as loans and seven per cent from their families.
By David Bogonko Nyokang'iHigher Education Principal Secretary Beatrice Inyangala said on Tuesday that students should not panic over the delay, saying the government would provide direction once the transition to the new system is complete.
By Maureen KinyanjuiThe Kenya Medical Training College (KMTC) announced the development on Tuesday, August 25, saying students who meet the requirements should take advantage of the opportunity.
By Bradley BosireThe clarification follows information published on the front page of a local publication which HELB said gave an incorrect picture of its student financing model, loan rates and the amount of money students could owe after completing their studies.
By Maureen KinyanjuiIf approved, the new authority would become the only agency responsible for student loans, scholarships and public funding for universities, colleges and Technical and Vocational Education and Training (TVET) institutions.
By Maureen KinyanjuiHELB has warned Parliament that Kenya’s student financing programme is likely to face a projected Sh57.65 billion deficit in FY2026/27, citing demand under the Student-Centred Funding Model that exceeds available budget allocations.
By David Bogonko Nyokang'iThe funding model, rolled out after President William Ruto took office, is now facing its toughest challenge since its introduction. Official figures show university admissions have grown from about 70,000 students in 2017 to 202,133 placed this year, an increase of more than 300 per cent in less than a decade.
By Maureen Kinyanjui