financial aid to university students: where do i go? · 2018-05-08 · financial aid to university...

Financial Aid to University Students: Where do I go?

Dr. Peter G. Kirira, PhD Director, Foundation & Endowments

pkirira@mku.ac.ke

Presented during the orientation of first year students - May 2018 1

Outline

Overview of Mount Kenya University Foundation

Activities of the Foundation

University Education Financing

How to Avoid Fees Fraud & Scams

2

Overview of Mount Kenya University Foundation

Mount Kenya University Foundation is the charitable arm of Mount Kenya University.

Slogan: Enable. Empower, Inspire The Foundation was established to co-

ordinate activities that the University undertakes in aid of students and alumni.

Objective is to harness public and private support for the advancement of the training, research and community outreach mandates of the University.

3

Overview of Mount Kenya University Foundation …… 2

Mission: To advocate and support the advancement of higher education in Mount Kenya University by obtaining, investing, and administering grants and prudently discharging its fiduciary obligations to the University, donors, and designated beneficiaries.

Vision: To be the valued and trusted partner that inspires and attracts broad resources to maintain and advance Training, Research & Community Service.

4

Overview of Mount Kenya University Foundation …… 3

The Foundation was incorporated as PS 1728 under the Trustees (Perpetual Succession) Act Chapter 164 in 2017

The Foundation offices are at Thika Campus

(former Vice-Chancellor’s Office) Website: www.mkufoundation.org Email: mkufoundation@mku.ac.ke

5

Activities of the Foundation

Resource mobilization activities

Donor Relations

Support services

Supporting Youth Empowerment Programmes

Supporting Community Outreach Programs

Information

For more info visit www.mkufoundation.org

6

Fundraising activities

Endowment Fund

Internal Scholarship program

Alumni Programmes

Donations

Strategic Partnerships

Income Generating Activities

7

8

Source: https://izquotes.com/quotes-pictures/295629.jpg

… can be the help that an under-privileged MKU student needs to access Education

University Education Financing

Higher Education Loans Board (HELB) http://www.helb.co.ke/ Constituency Development Fund (CDF) http://www.ngcdf.go.ke/ County Government Bursaries Check the website of your county government

National Government Affirmative Action Fund http://www.ngaaf.go.ke/

9

Ap

pli

cati

on

fo

rms

av

ail

ab

le a

t th

e w

eb

site

s

University Education Financing … 2 National Council for Persons with Disabilities http://ncpwd.go.ke/ Education Trust Funds eg. Saale Gobanai ETF, Saku Forum, Turuya ETF etc

NGO’s eg. Chalbi Scholars, Direct Aid Kenya etc Multinational Organizations eg. Danish Refugee council etc

10

Application form available at the website

How to Avoid Fees Scams & Fraud

1. Always deposit your fees in the University Fee Collection Bank accounts

11

Fraud Alert: MKU has no intermediaries or

third parties

How to Avoid Fees Scams & Fraud

2. Avoid Fraudsters who promise to clear Fee Balances at a “small” cost

12

Fraud Alert: Fee balances can only be cleared through the

University fee accounts

How to Avoid Fees Scams & Fraud

3. Gambling is Dangerous!!

13

In a GeoPoll survey of youth between the ages of 17-35 in sub-Saharan Africa, Kenya had the highest number of youth who were frequently gambling.

Examples: Betway, BetPawa, mCheza, SportsPesa, Betin, Elitebet, Betyetu,

Bet365 etc

How to Avoid Fees Scams & Fraud

4. Gambling Menace!!

14

“On the eighth day, Satan created Sportpesa” http://www.magazinereel.com/a-student-wails-inside-hall-after-losing-school-fees-worth-ksh-10000-to-a-bet/

Source; Koros Rachel, University Students Gambling: Examining the effects of betting on Kenyan Universities students behaviour. International Journal of Liberal Arts and Social Science. 2016, 4 (8): 57-66.

How to Avoid Fees Scams & Fraud

5. Watch out for Job Scams

15

Beware of scammers who solicit money for internship and job offers

Dr. Peter G. Kirira, PhD Director, Foundation & Endowments

pkirira@mku.ac.ke 16