Equity Bank Scholarship
Education is universally recognized as an important factor contributing to economic growth and competitiveness, poverty alleviation, improved health, and increased stability for individuals, families, and entire nations. In its 2012 Education for All Global Monitoring Report, UNESCO estimated that every $1 spent on a person’s education yields $10 to $15 in economic growth over that person’s working lifetime.
Introduction of free primary education in Kenya saw Grade 1 enrolment rise from 0.969 million in 2002 to 1.312 million in 2003, an increase of 35%. Yet many challenges remain in delivering quality, comprehensive education to all children, especially beyond primary school level, for the poor and vulnerable.
The Kenyan Government is actively seeking ways to mitigate the expenses of secondary school, but in the meantime, the cost of secondary school remains on average twelve to twenty times as much as the monthly income of parents in Kenya’s rural areas. The challenge is similar in urban slum areas.
The World Bank estimates that of those who sat the Kenya Certificate of Primary Education (KCPE) in 2014, only 98% are expected to transition to secondary school, and of these, only about 42% will sit for the Kenya Certificate of Secondary Education.
The transition to university education is equally as challenging for most students. Only 15% of the students graduating secondary school in 2016 earned a C+ or above, which is the minimum grade required for university admissions in Kenya. Even fewer qualified for government Higher Education Loans Board (HELB) loans, which only supports tuition fees. Students who qualify for university loans must therefore raise additional money to cover food, accommodation and transport costs.
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