Financing of University Education in Kenya

1703 WordsMar 10, 20137 Pages
QN) With close reference to university education in Kenya, discuss the various means of financing education and evaluate the equity implications. To answer this claim, we start by defining critical terms so as to clearly get the full meaning of this assertion. Education is the process act or process of impacting or acquiring general knowledge, developing the powers of reasoning and judgement, and generally of preparing oneself or others intellectually for mature life. It can also be defined as the process of acquiring desirable skills, attitudes and knowledge, as for a profession University education means the totality of general and…show more content…
this act mandates the central government to advance money to the public universities for running of the programmes and activities. The government gives grants to the public universities and this money is budgeted for, in the ministry for higher education budget and this is captured in the annual budget. The grants are given to all universities oblivious of the programmes that they offer. The government through the parliament passed a bill that saw the creation of the Constituency Development Act that was aimed to rationalize development across the country by ensuring that all areas across Kenya had a fair share of the money set aside for development. Through the various committees established in each constituency, students in the universities are able to access bursaries to aid them in paying school fees. This bursary is given to people who are needy and who cannot afford tuition fees. For the equal distribution of the funds, the Kenyan government is giving a lot of charters to the new mushrooming universities, this is to make sure all the regions in the country get access to higher education hence equity implications. Higher Education Loans Board(H.E.L.B) is another source of funding. H.E.L.B is a state corporation whose mandate is to source funds

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