With just hours remaining until schools reopen across the country, institutions are staring at a financial crisis, as the government has yet to release capitation funds critical for their operations.

The exit of 965,501 candidates who sat last year's Kenya Certificate of Secondary Education (KCSE) examination, coupled with the absence of a Form One class this year, is expected to significantly dent the financial muscle of secondary schools.

A simulation by The Sunday Standard on the exit of the 2024 candidates estimates that institutions could lose up to Sh21 billion in capitation.

Schools also stand to lose additional revenue from direct fees paid by parents, further complicating their operational sustainability.