FINANCE
Learn more about the student finance options at Machakos Town Technical and Vocational College.
FEE STRUCTURE
| VOTE HEAD | 1ST TERM | 2ND TERM | 3RD TERM | TOTAL |
|---|---|---|---|---|
| Tuition | 20,600 | 16,041 | 0 | 36,641 |
| Personal Emoluments | 5,250 | 7,629 | 0 | 12,879 |
| Electricity, Water& Conservancy | 1,870 | 2,079 | 0 | 3,949 |
| Local Transport & Travel | 2,100 | 1,849 | 0 | 3,949 |
| Repairs, Maintenance & Improvement | 2,000 | 1,257 | 0 | 3,257 |
| Activity | 2,400 | 2,114 | 0 | 4,514 |
| Medical & Insurance | 2,000 | 0 | 0 | 2,000 |
| TOTAL | 36,220 | 30,969 | 0 | 67,189 |
ALL FEES ARE PAYABLE VIA ANY OF THE FOLLOWING OPTIONS:
- Bankers Cheque OR
- Deposit Cash at Any KCB Bank (Machakos Town Technical and Vocational College) A/c No: 1322796858 OR
- Lipa na Mpesa pay bill: 522 522 account no. 7794517
Please Note: We DO NOT accept cash.
NEW FUNDING MODEL
SCHOLARSHIPS
All trainees at Machakos Town Technical and Vocational College are eligible for government scholarship.
What is the NFM?
The Variable Scholarships and Loans Funding [VSLF] dubbed 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 facing, primarily attributed to massive enrolment and inadequate funding. This funding model is student-centred, scholarships and loans are apportioned to students based on their assessed levels of need.
The universities and TVET colleges capitation will now be based on the VSLF model as opposed to the previous Differentiated Unit Cost (DUC) model. The funding to students shall combine scholarships, loans and household contributions on a graduated scale as determined by Means Testing Instrument [MTI] from time to time.
Bands Under the New Funding Model
Frequently Asked Questions
What is the Higher Education Variable Scholarships and Loans Funding/New Funding Model?
It is a new way of providing financial support to students enrolled in Universities & TVET institutions to ensure every Kenyan student is assisted according to their level of need.
How does the Variable Scholarships and Loans Funding/New Funding Model work?
This is government funding that is student-centered. It is based on the level of need and programme cost. It constitutes scholarship, loan and household contributions. Students placed in public universities by Kenya Universities and Colleges Central Placement Service (KUCCPS) and TVET trainees under the Ministry of Education (MoE) are eligible for both government scholarships and loans. Those seeking to pursue their studies in private universities and as parallel/module two/self-sponsored students in public universities are eligible for loans only. Students are expected to apply for the loans and scholarships through the availed platforms for consideration for funding.
What is Means Testing Instrument (MTI)?
It is a scientific method used to determine the student’s level of financial need by using proxy indicators.
What are the benefits of the Variable Scholarships and Loans Funding/New Funding Model?
It ensures that all eligible Kenyan Students are provided with adequate education financial support. It promotes the provision of quality education in higher learning institutions. It ensures that students are adequately supported based on their level of need. To ensure timely disbursement of funds to students and higher learning institutions To address the student funding gap
Who is eligible for the Variable Scholarships and Loans Funding/New Funding Model?
University students who sat for KCSE in 2022 & 2023; and TVET trainees admitted from September 2023.
When can the students start applying?
Upon placement and admission by Universities and TVET Institutions and when the Higher Education Financing (HEF) Student Portal is open for applications.
How much will I receive for my education upon making an application?
The amount of funding in scholarship and/or loan depends on the assessed student’s level of need and the programme cost.
Is there an upkeep component in this Variable Scholarships and Loans Funding/New Funding Model?
Yes, students placed by KUCCPS in public universities and TVET institutions under the Ministry of Education (MoE) are eligible for upkeep consideration.
Is the application for funding mandatory?
No, it is not mandatory for one to apply. Only apply for the scholarship and loan if you need financial assistance during your studies.
Can I seek additional funding if my financial situation changes along the way?
Yes, an affected student can fill an online Funds Appeal form. Review is subject to availability of funds.
Can I seek additional funding if my financial situation changes along the way?
Yes, an affected student can fill an online Funds Appeal form. Review is subject to availability of funds.
If I fail/miss to apply for the funding in my first year, can I apply in the subsequent years?
Yes, you will be able to submit your first-time application whenever the next application window is open.
I understand that HELB has partnered with several organizations, constituencies, and county governments to fund students. Do I still qualify for the Variable Scholarships and Loans Funding/New Funding Model?
Yes, students who are eligible shall apply for government scholarships and loans in the Variable Scholarships and Loans Funding/New Funding Model. Further, they can also apply for complementary funding from other sources such as County governments, Constituency Development Fund (CDF) and other organizations.