In response to declining governmental funding, cost-sharing in higher education and dual-track tuition policies were introduced in the 1990s in Kenya. The decline of government funding in higher education was a result of slow economic growth, competing public needs (such as health, elementary education, and infrastructure), and pressure to reduce funding by international donors. This qualitative research study examines the implications of these two financing policies in the Kenyan context and offers suggestions on how emerging critical issues can be addressed.