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How To Fund Your Education In Ghana Efficiently

How To Fund Your Education In Ghana

Education they say, is the key to success but there can be setbacks as you strive to reach higher heights in education. Funding college education is the major challenge that limits people as they climb the educational ladder. Not forgetting the “brilliant but needy students” who can’t further their education up to tertiary level due to funding limitations. There are a lot of students who had their educational ambition ended in high schools, others got dropped out and the rest going through thick and thin to complete their tertiary education. In this post, you’ll be taken through how to fund your education as a tertiary student in Ghana and other parts of the world. I will give you good funding ideas to help you climb your educational ladder without limitations. Education is a major investment of life that really pulls a lot of money, especially this era, this corresponds with the the old adage which goes like “if you think knowledge is expensive, try ignorance”. And yes indeed education is expensive but illiteracy is not an option, hence people endeavor in educational pursuits.

How Do You Fund Your Education?

Listed below are various ways to fund your education.

✔ You can seek for  Educational Sponsorship

✔  Scholarship funding

✔ Funding through Educational Loans

✔ Funding by Grants and aids

✔ Funding through Part time Jobs

How To Fund Your Education

Explained below are the proven ways to fund your tertiary education, however, you need to be proactive in order to get your education funded. Read and throw all your questions via email or comment down below.

1. Educational Sponsorship Funding

Educational Sponsorship is done by individual and corporate Philanthropists who take upon themselves to sponsor one’s educational pursuits whether individual students, group of students or a whole institution. Sponsors could be individuals or corporate bodies who seek to sponsor one’s education. Literally, any form of support towards one’s education is known as educational sponsorship.  Sponsorship can be cash, paying students fees, books, food, and learning materials. You can seek for educational sponsorship by contacting philanthropists, opinion leaders of your locality, political leaders and religious organizations.

2. Scholarships Funding

Scholarships are the best known funding system for education in Ghana where payment is made to support a student’s education that may be awarded on the basis of academic excellence or other achievement. The Ghana scholarship Secretariat provides scholarship for qualified brilliant but needy students. Students will have to register and apply for scholarship online through the Ghana scholarship Secretariat website. You would be taken through a thirty-minute short test which requires you to have 60% score. You’ll be called for an interview at your district or municipal assembly and when you qualify, your fees and other expenditure will be taken care of for a semester and after that you can reapply.

MTN Bright Scholarship is another scholarship scheme by MTN ghana to award various sponsorships to deserving students in Ghana to pursue various courses at different levels of education. It is designed purposely for year one undergraduate students and continuing education students in all public tertiary institutions in Ghana. The cost of tuition, accommodation,books and other learning materials would be taken care of. You are required to to have a GPA not less than 3.0 and above before you qualify to apply for MTN Bright Scholarship. There are a lot of scholarships that’s provided by well recognized organizations in Ghana such as religious organizations, missionaries and other organizations.

3. Students Loan 

Another sure way to funding your education is through students loan. There are various financial institutions in Ghana that provides students with flexible loans to fund their educational pursuits. Public institutions such as SSNIT and students loan trust fund gives loans to Ghanaian tertiary students who are pursuing accredited programmes in accredited tertiary institutions in order to cover tuition, accommodation, books and other relevant learning materials. See Students Loan Trust Fund- The Qualification And Application Processes In Ghana . Aside that, many financial institutions offer student loans in Ghana.

4. Grants and Aid’s

Grants and Aid’s is one of the most sought for funding education after scholarship. Grants are support given to students who have difficulty in funding their education, and is given by the government and other non governmental organizations. Factors like family income status and disability status aids a student to get grant as educational support.

5. Part-time Job

Getting a side hustle as a student will help you get funds to pay for all necessary school expenses. You can take advantage of the internet to do side hustle in order to soothe the financial limitations in school. Social media marketing and a lot more online jobs can see you through, check Profitable Online Business Ideas You Can Start In Ghana to start a side hustle as a student.

Read More…

Students Loan Trust Fund- Check Out The Qualification And Application Processes In Ghana

How To Apply For Personal Loan In Ghana With Susu Savings

Lack Of Funds To Start Your Business? Checkout How To Get Start Up Capital In Ghana To Fund Your Business

Acquah Thomas Goodmanhttps://www.talkfinance24.com
I'm a writing enthusiast. I love to inform and educate people worldwide on personal finance. Educating people to attain their financial freedom is my major priority. Reach out to me personally on [email protected]

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