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Types of Financial Aid

There are various internal and external Financial Aid Schemes in form of scholarships, loans, bursaries, work study, waivers etc. The eligibility criteria varies depending on the type of financial aid one is applying for.

Scholarships

SU Merit and Need Based

These are partial and full scholarships offered to students pursuing undergraduate, diploma and professional courses.

Sports

Strathmore University is committed to nurturing students who have demonstrated talent in sports. The award covers a percentage of the tuition fee.

European Union

This is open to final year students in secondary schools who wish to study the following courses at Strathmore University in the coming year:

  • Certified Public Accountant (CPA)
  • Diploma in Business Management
  • Diploma in Business Information Technology

Mathematics Contest

Strathmore University awards the best form four boy and girl in the country’s top Mathematics Contests. These students are awarded a tuition fees scholarship to pursue Certified Public Accountant (CPA), Association of Chartered Certified Accountant (ACCA) or Diploma in Business Information Technology (DBIT).

East African Breweries Limited Foundation
EABL Foundation under the Skills for Life program invests in bright and needy students by offering full scholarships. The scholarship scheme is open to students who wish to pursue the following degree courses at Strathmore University:

  • Bachelor of Commerce – 3 students per year
  • Bachelor of Business Information Technology – 3 students per year

McKinney Rogers Foundation

This scholarship scheme is an initiative of the McKinney Rogers Foundation, a global consulting firm to invest in bright and needy students by offering full scholarships. The scholarship scheme is open to students who wish to pursue the following degree courses at Strathmore University:

  • Bachelor of Commerce – 1 student per year
  • Bachelor of Business Information Technology – 1 student per year

Work study

The Work Study program is a partial scholarship designed to give students with demonstrated financial need an opportunity to work part-time on Campus to meet their educational expenses. Student assistant may be placed in the library, helpdesks, computer labs and any other units offering student services.

Loans

There are various types of loans available to students to enable them pursue various courses at Strathmore. Some of the loans include:

Strathmore loan

This is a merit loan scheme that enables bright and needy students’ pursue undergraduate courses at Strathmore. Two of the determining factors used to select the students included good academic performance and proof of the family’s financial neediness.

Kiva loan

Strathmore University has partnered with KIVA, an online platform that connects field partners to social investors, to offer a unique student loan which enables students to obtain tuition and laptop loans. Strathmore University is KIVA’s first non-traditional partner specializing in student loans.
Tuition and laptop loans are available to undergraduate degree students in the full-time program. To be eligible, a student must attend a Kiva Loan information session to understand the loan requirements and application process.

Helb Loan

The Higher Education Loans Board awards various amounts of loans to university students with demonstrated financial need.

Chase Bank Loan

With the Strathmore-Chase Bank Student Loans scheme you can now get financing for your tuition fee while enjoying flexible payment terms that are linked to your course duration at a concessionary interest rate. For more details, visit Chase Bank at the Strathmore University Student’s Centre.

Rebates

Graduate Alumni Tuition Waiver: A ten percent (10%) waiver is awarded to a student who graduated from SU with 2nd class upper and above and has been admitted to pursue a graduate degree.

Family Benefit: – This rebate is awarded to parents with two or more children undertaking a degree course at the University. The rebate goes to the student with a higher average grade each academic year. Application for the Family Rebate is done annually by filling in a Family Fee Benefit Form and attaching copies of birth certificates and academic transcripts and submitting them to the Financial Aid Office.

Sports
Strathmore University awards fee rebates to top non-scholarship students who excel in sports annually. Players must have been exemplary on and off the field with an equally impressive disciplinary record.

Bursaries

These are grants based on need and outstanding academic ability and are normally awarded to students who meet additional criteria that may be set by the donor. Some of our partners are Mzima Co-operative society, Rattansi Educational Trust, Rahimtullah Foundation, Langalanga Scholarship Fund, Wanawake kwa Wanawake among others.