University Fees Increase Amidst Hard Economic Times
Parents and Guardians are going to face tough times following university fees increases amidst harsh economic times.
The Treasury Cabinet Secretary Ukur Yatani has asked the Ministry of Education to devise measures to address the financial constraints that are crippling the public institutions in the country more so universities.
Yatani has asked the Education Cabinet Secretary professor George Magoha in a letter to schedule a meeting with university heads to solve the endemic financial crises.
Among the strategies Yatani wants to be implemented are a review of school fees and the liquidation of old assets.
Treasury also suggested restructuring that might result in the closure of satellite campuses and cost-cutting measures like staff downsizing.
According to Yatani the government has limited money and is not in a position to give further funds to the institutions.
“Given the need to come up with sustainable solutions to the problems facing universities and university colleges, the ministry has been advised to come up with policy recommendations that will address the existing problem,” read the letter.
The Treasury also suggested that public universities consider identifying innovative revenue-generating ideas to aid the development of long-term sources of funding for universities.
Yatani said this with a lot of concerns due to the fact that the financial crisis frequently disrupts learning activities in various institutions countrywide.
Due to financial crisis, learning in several universities has been paralysed before as a result of strikes and protests form workers and lecturers following failure to meet the demands as per the collective bargaining agreements.
As universities try to save costs, there have also been a lot of mass layoffs of academic staff.
Parents and Guardians are going to face tough times following plans to hike university fees amidst harsh economic times.