We are continuing to receive more complaints from former university students regarding caution money.
Caution money is the money that the university collects from students to act as a emergency fund to be used in case a student destroys property at the university. After we wrote about Kisii University not refunding caution money, more students have come up showing that the behaviour of withholding caution money is widespread and rampant I almost all universities in Kenya.
Universities mentioned are: Jaramogi Oginga Odinga University of Science and Technology (JOOUST) in Bondo Jomo Kenyatta University of Agriculture and Technology (JKUAT) in Nairobi Maseno University Kenyatta University (KU) Egerton University. The management at these universities retain a lot of money running into millions. No wonder they don’t refund graduands.
Some graduands actually stated that they had given up following up the money. Another former student at Kenyatta University (KU) who graduated in 2016 had this to say: Hi Nyakundi, Following your post on the Kisii University, it resonates in KU.
I graduated from KU in 2016 and were also given a form to fill in our bank details so that we could be refunded the Kshs. 2,000 Caution Fee.
That has never happened.
I waited for 2 years, and finally gave up.
We were 6,000 graduands (July 2016 Graduation) so that's a cool Kshs 12 million, pocketed by the management.
Where does this money go? Egerton University At Egerton University in 2017 and 2018, there were over 6000 graduates whose Kshs. 2000 caution money has never been refunded. That translates into over Kshs. 12 million too.