THE NEW UNIVERSITY FUNDING MODEL BANDS EXPLAINED:
Band 1: For families with a monthly income up to Sh5,995
Band 2: For families with a monthly income up to Sh23,670
Band 3: For families with a monthly income up to Sh70,000
Band 4: For families with a monthly income up to Sh120,000
Band 5: For families with a monthly income above Sh120,000
FUNDING
BAND 1:
The government scholarship will cover 70%, the loan will cover 25%, making the total support 95%. The family will contribute 5%, and the upkeep loan will be Sh60,000.
BAND 2:
The government scholarship will cover 60%, the loan will cover 30%, making the total support 90%. The family will contribute 10%, and the upkeep loan will be Sh55,000.
BAND 3:
The government scholarship will cover 50%, the loan will cover 30%, making the total support 80%. The family will contribute 20%, and the upkeep loan will be Sh50,000.
BAND 4:
The government scholarship will cover 40%, the loan will cover 30%, making the total support 70%. The family will contribute 30%, and the upkeep loan will be Sh45,000.
BAND 5:
The government scholarship will cover 30%, the loan will cover 30%, making the total support 60%. The family will contribute 40%, and the upkeep loan will be Sh40,000.
