The Higher Education Loans Board (HELB) has revealed the amount of money it will allocate to university students under the government funding model.

In a public notice, HELB said it will release the funds depending on the categories each student is under.

For instance, the loan body will disburse Sh85,680 in scholarships for a Bachelor of Arts degree course, which has an annual fee of Sh122,400.

In addition, it will pay Sh30,600 in loans for Band 1 students. Parents or guardians under this category will be required to pay Sh6,120 per year, and the student is entitled to an annual upkeep of Sh60,000.

For students under band  2 to 5, HELB will pay Sh36,720 in tuition loans per category, with parents set to contribute Sh12,240, Sh24,480, Sh36,720 andSh48,960, respectively.

The Bachelor of Education Science programme, which requires Sh244,800 per year, will see Band 1 parents pay Sh12,240 while those in Band 5 pay Sh97,920.

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Bachelor of Commerce students will on the other hand pay  Sh11,008 in household contributions for band 1 students, while those in Band 5 will pay Sh88,060.

Other course programs like medicine, which requires an annual fee of 612,000, will see parents with students in Band 1 pay Sh30,600 while those in Band 5 pay Sh244,800 of the fee.

The new funding model introduced by the government in May 2023 aims to provide free education to Universities and college students facing financial difficulties.

Under this model, the students are categorized as vulnerable, extremely needy, needy, and less needy. The vulnerable and extremely needy students would receive 100 percent funding, while the needy and less needy would get 93 percent.

Since the Ministry opened the application portal for loans and scholarships for the 2023 cohort, only 79,038 students have applied for both loans and scholarships but 74,237 university students are yet to apply for funding.

The application window closed on Thursday, August 15.