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Financial Aid to University Students: Where do I go? Dr. Peter G. Kirira, PhD Director, Foundation & Endowments [email protected] Presented during the orientation of first year students - May 2018 1

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Page 1: Financial Aid to University Students: Where do I go? · 2018-05-08 · Financial Aid to University Students: Where do I go? Dr. Peter G. Kirira, PhD Director, Foundation & Endowments

Financial Aid to University Students: Where do I go?

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

[email protected]

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

Page 2: Financial Aid to University Students: Where do I go? · 2018-05-08 · Financial Aid to University Students: Where do I go? Dr. Peter G. Kirira, PhD Director, Foundation & Endowments

Outline

Overview of Mount Kenya University Foundation

Activities of the Foundation

University Education Financing

How to Avoid Fees Fraud & Scams

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Page 3: Financial Aid to University Students: Where do I go? · 2018-05-08 · Financial Aid to University Students: Where do I go? Dr. Peter G. Kirira, PhD Director, Foundation & Endowments

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.

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Page 4: Financial Aid to University Students: Where do I go? · 2018-05-08 · Financial Aid to University Students: Where do I go? Dr. Peter G. Kirira, PhD Director, Foundation & Endowments

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.

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Page 5: Financial Aid to University Students: Where do I go? · 2018-05-08 · Financial Aid to University Students: Where do I go? Dr. Peter G. Kirira, PhD Director, Foundation & Endowments

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: [email protected]

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Page 6: Financial Aid to University Students: Where do I go? · 2018-05-08 · Financial Aid to University Students: Where do I go? Dr. Peter G. Kirira, PhD Director, Foundation & Endowments

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

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Page 7: Financial Aid to University Students: Where do I go? · 2018-05-08 · Financial Aid to University Students: Where do I go? Dr. Peter G. Kirira, PhD Director, Foundation & Endowments

Fundraising activities

Endowment Fund

Internal Scholarship program

Alumni Programmes

Donations

Strategic Partnerships

Income Generating Activities

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Page 8: Financial Aid to University Students: Where do I go? · 2018-05-08 · Financial Aid to University Students: Where do I go? Dr. Peter G. Kirira, PhD Director, Foundation & Endowments

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

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

Page 9: Financial Aid to University Students: Where do I go? · 2018-05-08 · Financial Aid to University Students: Where do I go? Dr. Peter G. Kirira, PhD Director, Foundation & Endowments

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/

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Page 10: Financial Aid to University Students: Where do I go? · 2018-05-08 · Financial Aid to University Students: Where do I go? Dr. Peter G. Kirira, PhD Director, Foundation & Endowments

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

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Application form available at the website

Page 11: Financial Aid to University Students: Where do I go? · 2018-05-08 · Financial Aid to University Students: Where do I go? Dr. Peter G. Kirira, PhD Director, Foundation & Endowments

How to Avoid Fees Scams & Fraud

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

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Fraud Alert: MKU has no intermediaries or

third parties

Page 12: Financial Aid to University Students: Where do I go? · 2018-05-08 · Financial Aid to University Students: Where do I go? Dr. Peter G. Kirira, PhD Director, Foundation & Endowments

How to Avoid Fees Scams & Fraud

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

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Fraud Alert: Fee balances can only be cleared through the

University fee accounts

Page 13: Financial Aid to University Students: Where do I go? · 2018-05-08 · Financial Aid to University Students: Where do I go? Dr. Peter G. Kirira, PhD Director, Foundation & Endowments

How to Avoid Fees Scams & Fraud

3. Gambling is Dangerous!!

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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

Page 14: Financial Aid to University Students: Where do I go? · 2018-05-08 · Financial Aid to University Students: Where do I go? Dr. Peter G. Kirira, PhD Director, Foundation & Endowments

How to Avoid Fees Scams & Fraud

4. Gambling Menace!!

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“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.

Page 15: Financial Aid to University Students: Where do I go? · 2018-05-08 · Financial Aid to University Students: Where do I go? Dr. Peter G. Kirira, PhD Director, Foundation & Endowments

How to Avoid Fees Scams & Fraud

5. Watch out for Job Scams

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Beware of scammers who solicit money for internship and job offers

Page 16: Financial Aid to University Students: Where do I go? · 2018-05-08 · Financial Aid to University Students: Where do I go? Dr. Peter G. Kirira, PhD Director, Foundation & Endowments

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

[email protected] 16