Varsity Fee Hikes Could Lead to Legal Measures, Warns University Funds CEO
Universities in Kenya could now face legal action if they increase student fees.
Chief Executive Officer of the University Funds, Geoffery Monari, stated that universities have signed a Memorandum of Understanding with the University Funds based on the fees they charge to prevent fee increases at the institutions.
He stated that if a university violates the MOU, the agreement will be cancelled and the university will be charged.
“Universities have signed MOUs with us based on the fees they charge. If they increase fees, then the MOU will be revoked and they will be charged,” Geoffrey Monari said.
Monari added that every student who applies for funding and is placed in an institution by the Kenya Universities and Colleges Central Placement Service (KUCCPS) will receive loans and scholarships.
No student will be without funding under the new funding model.
This comes amid claims that parents will have to dig deeper into their pockets as a result of the government’s new financing model for KUCCPS university placement students.
President Ruto announced on May 4 that needy students will benefit from the new funding model.
Students from low-income families who enroll in institutions will be eligible for government financing of up to 40 percent and scholarships of up to 53 percent, according to the President.
The President stated that their residences will cover only seven percent of the cost of their university education.
“Those enrolling in TVETs will receive up to 50 percent in government scholarships and 30 percent in loans,” he noted.
Varsity Fee Hikes Could Lead to Legal Measures, Warns University Funds CEO
