The activists say that the presidential directive that instituted the funding model is an illegality, unconstitutional and an attempt to usurp Parliament's law-making role.
Ogamba said only 75,000 students, representing 60 per cent of those eligible for government funding, had paid the household contribution.
Civil society group points out that previous administrations have formed similar committees, but no meaningful changes resulted from them.
Education CS Ogamba on Wednesday had a difficult time defending the MTI system, which uses data to classify students into different categories for financial aid.
Governor Gideon Mung'aro said that the county had yet to receive its allocations for both July and August.
The national government plans to reduce county funding by Sh20 billion, from Sh400.1 billion to Sh380 billion for the current financial year.
UNSA President Rocha Madzao vehemently opposed the government's actions, arguing that the proposed changes do not align with the needs of students or the nation's educational goals.
Lawmakers have also requested an estimate of the total cost of education from basic to tertiary levels.
The committee will report directly to President Ruto through the Cabinet Secretary for Education.
During his campaign, Ruto made bold promises aimed at transforming the education system, ensuring accessibility, quality, and equity across the board.
The decision to strike comes after the government failed to address the workers' pay grievances.
One of the most critical findings concerns the University of Nairobi, where the Auditor General expressed doubt about the institution's continued survival.
The student leaders have now issued the government a 30-day notice to address their concerns, including the abolition of Bands 4 and 5,
Kenya University Students Association (KUSA) Secretary General, Bonface Ododa, issued a call to action in a letter addressed to all university students, urging them to participate in the demonstrations.
The annual price structure at Egerton University demands Sh 490,000, which is much beyond Suheil's family's finances, as they struggle to make ends meet.
President Ruto explained that the old model assumed the government could pay 80 per cent of fees for all students which was not the case.
The VCs they said the new model has saved the institutions that have been grappling with massive financial challenges from collapsing.
Ruto said that in the new model, students living with disability will be paying only 5 per cent of the college fees as opposed to 25 per cent that such students paid in the older model.
Ruto was clear that no student should be pressured to repay their loans until they secure employment.
Ruto said that those who appealed will get their feedback after two weeks after the process has concluded.