The University of Nairobi (UoN) has doubled fees for parallel degrees and postgraduate courses in a move aimed at making a financial turnaround.
The oldest high learning institution in the country is experiencing financial difficulties due to a dip in student enrolment. UoN has seen a 36.2 percent drop in its student population from 98,000 in 2016 to 62,000 in 2020, putting its accounts in the red.
The university recorded a loss of Sh1.4 billion in 2018 after overestimating its budget and failing to raise the projected revenue. An Auditor-General’s report showed that the college was unable to meet its financial obligations worth Sh2 billion in the year to June 2018 as the cash crisis aggravated.
In the latest review of its fee structure, self-sponsored students enrolling at UON from July 2021 will part with up to Sh1 million for a four-year degree program.
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Fees for degree courses such as commerce, economics, and law have been increased by 70 percent which will see learners pay at least Sh125,000 per semester.
Students pursuing liberal arts Master’s courses like communication and MBA will fork out Sh600,000 for a two-year program up from an average of Sh275,000 charged previously. This excludes project fees.
A two-year MBA course will now cost Sh602,000 from Sh280,000 while MA in Communication will cost Sh655,000, up from Sh273, 000. Medicine students will be required to pay Sh760,000 annually up from Sh470,000.
“The fees are up and they will apply to new students. It’s part of the restructuring plan that will lift the university from losses,” a top official at the institution told Business Daily.
On Friday, UON announced that it had abolished 24 colleges and five offices of the Deputy Vice-chancellors in an apparent cost-cutting measure.
