On May 3rd, 2023, the President of the Republic of Kenya unveiled the New Funding Model (NFM) to address the challenges faced by public universities and TVET colleges. The NFM adopts a student-centered approach, where scholarships, loans and bursaries will be allocated based on the assessed level of need for each student.

Under the NFM, financial assistance to students will be a combination of scholarships, loans, and household contributions, determined on a graduated scale using the Means Testing Instrument (MTI).

This instrument will accurately assess the financial needs of individual students, ensuring a fair distribution of funds. The NFM aims to support students from vulnerable and extremely needy fully. As a result, students facing significant financial hardships will not be required to pay any fees to colleges and universities.