University Fund CEO Geoffrey Monari has come forward to clarify on the state of funding approval.
Monari authenticated that 127,000 loans and scholarships have been approved thus far.
He further clarified that appeals filed had been received and were in the process of being reviewed.
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According to his statements, a notable number of students has appealed on the basis of the funding bands they had been placed in.
“We have received over 10,000 appeals from Kenyans who are concerned about the bands they were placed in,” Monari stated.
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Verification of details
During an interview on TV47 Morning Cafe with Fred Indimuli, NYEF Chair Mathew K Samuel stated that verification of applicant details was critical in awarding university funding.
Monari shared that It was his team’s main priority in assessing appeals made by students for funding.
“We will engage Ngao to help verify details of the students” Monari clarified.
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“Once we process the appeals we will notify universities to adjust families’ contributions in the portal.” Monari added.
Students would be notified via SMS once their appeals process was concluded and briefed on the final outcome of their appeal.
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Monari: Government releases money
Monari stated that the government had released funds to be allocated to the applicants on different bands of the University Funding model.
“The government has released Ksh2.8 Billion for scholarships and Ksh 5.8 Billion for loans.” Monari updated.
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However, Ksh 5.8 billion was yet to be dispersed “the money will be released to students next week” to meet set scholarship and loan obligations.
The University Fund has been at the center stage of criticism with critics citing that it was implemented in a hurry.
The fund has continued to draw comments from notable figures with Chief Justice Koome suggesting bursaries should be scrapped and education made free.
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