Students pursuing university education may have to dig deeper into their pockets following the announcement by Finance CS Ukur Yatani that due to the depressed economy the government may not be able to sustain full funding for undergraduate studies.
Finance CS Ukur Yatani reading the 2021/2022 budget.
As part of his budget statement Yatani revealed that the exchequer was unable to sustain the ongoing student funding programs, saying;
"In the current arrangement universities have not only experienced financial constraints but are also unable to honor their statutory obligations," said Yatani, adding that "To ensure sustainability and self-reliance, the Ministry of Education is expected to engage stakeholders beginning July 2021 to address the matter".
University students should wake up to the reality that they may now have to chip in more to pursue their dreams.
Yatani was reporting the result of recommendations by a task force that the University Funding Board and the State Department for University Education work out a funding formula that will incorporate recently established universities.
According to the CS, the cost of financing undergraduate study has risen from Shs 120,000 to Shs 200,000.
Of this amount, the Government will continue paying Shs 70,000 directly to institutions while Shs 50,000 will be given out to the student through Higher Education Loans Board (HELB). Without being direct the CS intimated that the deficit will be shouldered by individual students.
Kisii University almost ground to a halt owing to the crunch in Government funding.
Constraints in the past financial year almost brought operations at Kisii University to a halt. The Ministry of Education received a total allocation of Shs 202.8 billion with the Teacher Service Commission taking the bulk of it.
University intake has risen to an unprecedented 95,000 students competing for the same dwindling resources.
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