What you need to know about new Higher Education Financing Model

The government has introduced a new financing model and announced open loan applications for 2022 KCSE students preparing to join various higher education institutions.

“Students who require funding must make formal applications through www.hef.co.ke before the deadline set on midnight of September 7, 2023.”

In this new model, the government has classified students seeking funding into four categories – the vulnerable, extremely needy, needy and less needy.

“Students from vulnerable and extremely needy households will receive 100% funding while the needy and less needy will get 93% government funding and a paltry 7% contribution from their households to cover the tuition fees.

“Allocation of funding across the four categories will be determined by evaluating family economic background.”

In a statement, the State agency noted that students from poor households will be given priority in terms of scholarships while those from less needy households will be covered by loan financing from HELB as it has been in the past.

All university and TVET students including those joining private institutions are eligible for funding.

Notably, the new funding model will not affect continuing students as they will continue to receive funding based on the Government’s existing model.