# New University Funding Model

New University Funding Model: According to the new university funding model this is how the university funding will be for students joining the university year 2024/25. Each Family will be categorized into five bands:

—Band 1: Families whose monthly income up to Sh5,995

—Band 2: Families whose monthly income up to Sh23,670

—Band 3: Families whose monthly income up to Sh70,000

—Band 4: Families whose monthly income up to Sh120,000

—Band 5: Families whose monthly income above Sh120,000

Families that fall under Band 1 the government scholarship will cover 70%, the loan will cover 25%, making the total support 95%. The family will contribute 5%, and the  HEF upkeep loan will be Sh60,000.

For Band 2 that is for families who earn up to Sh23,670.

The government scholarship will cover 60%, the loan will cover 30%, making the total support 90%. The family will contribute 10%, and HEF upkeep loan will be Sh55,000.

For families in Band 3 meaning those whose income is up to up to Sh70,000.

The government scholarship will cover 50%, the loan will cover 30%, making the total support 80%. The family will contribute 20%, and the upkeep loan will be Sh50,000.

Families in Band 4, those earning upro Sh120,000. The government scholarship will cover 40%, the loan will cover 30%, making the total support 70%. The family will contribute 30%, and the upkeep loan will be Sh45,000.

Finally Band 5 is for families who earn above Sh120,000.

The government scholarship will cover 30%, the loan will cover 30%, making the total support 60%. The family will contribute 40%, and the upkeep loan will be Sh40,000.

To make this more practical lets us look at how much a student joining university of Nairobi to study bachelor of Law will pay.

Assuming the estimated fees is 261,000

For family in Band 1

Government Scholarship will be {70%*261,000=182,700

Loan will be {25%* 261,000= 65,250}

Family Contribution {5%*261,000=13,050}

Loan upkeep for the student will be Sh60,000.

Family in Band 2

Government Scholarship will be {60%*261,000=156,600

Loan will be {30%* 261,000= 78,300}

Family Contribution {10%*261,000=26,100}

Loan upkeep for the student will be Sh55,000

Family in Band 3

Government Scholarship will be {50%*261,000=130,500

Loan will be {30%* 261,000= 78,300}

Family Contribution {20%*261,000=52,200}

Loan upkeep for the student will be Sh50,000

Family in Band 4

Government Scholarship will be {40%*261,000=104,400

Loan will be {30%* 261,000= 78,300}

Family Contribution {30%*261,000=78,300}

Loan upkeep for the student will be Sh45,000

Family in Band 5

Government Scholarship will be {30%*261,000=78,300}

Loan will be {30%* 261,000= 78,300}

Family Contribution {40%*261,000=104,400}

Loan upkeep for the student will be Sh40,000