Introduction
The New Funding Model[NFM] was unveiled by the President of the Republic of Kenya on 3rd May 2023, to address the challenges that public universities and TVET colleges were enduring, which were attributed primarily to massive enrolment and inadequate funding. The funding model is student-centered, and loans and bursaries will be apportioned to students based on their assessed level of need. The universities and TVET will no longer receive block funding in the form of capitation. The funding to students shall combine scholarships, loans, and household contributions on a graduated scale determined by the Means Testing Instrument [MTI]. Students from extremely needy and vulnerable backgrounds will pay nothing to colleges and universities.

Key Players in the New Funding Model
1. Higher Education Loans Board: For Provision of Loans and Bursaries to students enrolled in TVET Colleges and Universities [Public and Private]
2. Universities Funding: Provision of Undergraduate Scholarships to Government Sponsored Students enrolled in Public Universities
3. Kenya Universities and Colleges Placement Service: For placement of Students in their desired and qualified courses upon application
4. State Department Of Technical Education: Provision of TVET scholarships
5. Higher Learning Institutions-The recipients of loans and scholarships awarded to students in the form of fees
6. Parents: To support the household’s contributions.
General Public

Reasons for the NFM (Why NFM)
1. Address the myriad of challenges facing universities.
2. Ensures that eligible Kenyan students are provided with adequate education and financial support
3. The Vulnerable and Extremely needy students are assured of affordable education because they pay nothing.
4. Promotes equity and access to higher education; every applicant gets something depending on their level of need and degree of vulnerability.
5. Students are now required to apply for scholarships rather than uniform awards, even for affluent households.
6. The fee payment has been implemented as the actual cost of the program. Saves the universities from financial constraints.

Eligibility
1. Undergraduate Students placed by KUCCPS in 2022 in Public Universities
2. TVET students placed by KUCCPS in 2022 in Public TVET Colleges

Requirements for application (UG & TVET)
1. A valid email address
2. Valid telephone number (must be registered in your name to apply for a loan)
3. KCPE and KCSE index numbers and year of examination
4. Passport size photo
5. Copy of your National ID (for loan application)
6. College/University admission letter
7. Your parents’ registered telephone number
8. Your parents’ national ID number
9. Death certificate if any of your parents are deceased.
10. Your birth certificate.
11. Two guarantors’ (Can be your parents) ID numbers and registered telephone numbers (for loan application)
12. Copy of the sponsorship letter if you were sponsored in Secondary school.

Please note that: 
Trainees who do not possess a valid national ID Card can use the Birth Certificate entry number to apply for the scholarship, not the loan. Once they register and acquire their IDs, they will be allowed to resubmit their applications.