Higher Education Funding Model Results for Students placement into Categories .
The application deadline for students to the new government’s Higher Education Funding (HEF) Model is on 7th of September but it is only 23% of students who have been accepted into degree, diploma, and arts programs have submitted their details.
The Higher Education Loans board HELB CEO Charles Ringera while speaking during a local interview revealed that the total number of applications received as if last week had not yet reached 100,000 so far.
The CEO also said that all those students who have submitted their requests will be informed of their assigned funding category when the the government receives a minimum of 100,000 applicants.
Ringera gave the board’s Projection saying that by next week they hope that they will the 100,000 application mark and will be able to determine the distribution of students among the funding categories.
The CEO further said that Incase the board does not receive a satisfactory number of applications, then the government will extend the application deadline beyond 7th of September .
A total of 265,000 applications are expected to reach the board by the above deadline and failure to achieve that certainly call for extension of the deadline,
The students seeking financial under the new funding model are divided into four groups based on their level of need.
The groups are ;
- The vulnerable
- The extremely needy
- The needy
- The less needy.
Funds allocation within these categories will be based on an assessment of the students’ family economic background.
The new funding model approach aims to give priority to the e students from financially disadvantaged households for scholarships.
Also the model will see those from less needy backgrounds to continue to receive loan financing from HELB just as was the case in the past.
Consequently, any one of the student who had not applied for financial allocation under the previous funding model is expected to use the new platform to apply for funding.
Higher Education Funding Model Results for Students placement into Categories