Almost half of the students selected to join university this September under government sponsorships will miss out on student loans.In 2020 KCSE, 142,540 candidates qualified for university admission but only 128,073 students were placed to pursue degree courses under state sponsorship.
Only 75,000 students are set to benefit from the loans with a budget of Sh3.2 billion set for this function by the Higher Education Loans Board.
This in effect means that 63,073 students are set to miss out on the study loans, which weighs in on their ability to cater for their studies.The chief executive of the loans board Charles Ringera on Wednesday said the beneficiaries will get about Sh37,000, a downward revision from the previous allocations of Sh45,000.
Ringera says the disparity in those who’ll get the loan and the reduction in the amount awarded has been occasioned by a reduction in budgetary allocation.
Kenyatta University is set to admit 6,733 students. Maseno University comes second and will enrol 6,659 under the government sponsorship program.JKUAT got (6,529), University of Nairobi (6,407), Mount Kenya University (5,489) and Moi University (5,187). Egerton University will admit 4,039 students.
However, this will not be the only shortcoming facing the new students; they also will miss out on a pioneer laptop loan that was set to be launched this year.
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