In carrying out its functions under section 29, the Authority has these powers: to manage and administer loans, to administer its own assets, and to recover loans from the people who received them. It sets the loan interest rate in consultation with the Cabinet Secretary. It can open and run bank accounts under the relevant laws, and receive gifts, grants, donations, endowments and other money lawfully given to it. It can raise money from treasury bills, bonds, concessional loans (loans on softer terms), Government grants, savings schemes, unit trusts, commercial partners, loan repayments and any other lawful source. It can also raise private capital and non-traditional education finance, such as domestic pension funds, collective investment schemes, sovereign wealth funds or climate finance. It can set up a savings scheme or product that takes deposits from any person to save towards tertiary education for a specific child, and enter into partnerships with other bodies in or outside Kenya. Lastly, it can enter and inspect business premises and employers to check compliance.
Katika kutekeleza majukumu yake chini ya Kifungu cha 29, Mamlaka ina mamlaka ya kusimamia na kuendesha mikopo, kusimamia mali yake, na kukusanya mikopo kutoka kwa wanaonufaika nayo. Inaweka kiwango cha riba ya mikopo kwa kushauriana na Waziri. Inaweza kufungua na kuendesha akaunti za benki kwa mujibu wa sheria husika, na kupokea zawadi, ruzuku, michango, hazina za msaada na fedha nyingine zilizotolewa kisheria. Inaweza kukusanya rasilimali kutoka hati fungani za serikali, dhamana, mikopo nafuu, ruzuku za Serikali, mipango ya akiba, hazina za uwekezaji, washirika wa kibiashara, marejesho ya mikopo na chanzo kingine chochote halali. Pia inaweza kukusanya mtaji wa kibinafsi na vyanzo visivyo vya kawaida vya ufadhili wa elimu, kama vile hazina za pensheni za ndani, mipango ya uwekezaji wa pamoja, hazina za utajiri za mataifa au ufadhili wa tabianchi. Inaweza kuanzisha mpango au bidhaa ya akiba inayopokea amana kutoka kwa mtu yeyote kwa ajili ya elimu ya juu ya mtoto maalum, na kushirikiana na taasisi nyingine ndani au nje ya Kenya. Mwisho, inaweza kuingia na kukagua majengo ya biashara na waajiri ili kuhakikisha utiifu.
Section 30 ina-list powers za Authority kwa functions zake chini ya section 29. Authority ina-manage na ku-administer loans, ina-handle assets zake, na ina-recover loans kutoka kwa loan beneficiaries. Ina-set interest rate ya loans pamoja na Cabinet Secretary, ina-open na ku-operate bank accounts under the relevant laws, na ina-receive gifts, grants, donations, endowments na other money lawfully given to it. Pia ina-raise money kutoka treasury bills, bonds, concessional loans (loans za softer terms), Government grants, savings scheme, unit trusts, commercial partners, loan repayments na any other lawful source. Ina-mobilize private capital na non-traditional sources of education finance kama domestic pension funds, collective investment schemes, sovereign wealth funds ama climate finance. Authority inaweza ku-establish savings scheme ama product ya ku-receive deposits kutoka kwa any person kwa ajili ya tertiary education ya specific child, na ku-enter partnerships na bodies inside ama outside Kenya. Mwisho, inaweza ku-enter na ku-inspect business premises na employers ku-check compliance.