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Funding Your Education in Ghana

Finance

There is an article on the notice board about cost of education in Ghana; how much you will need to consider for tuition, living expenses and how to formulate this into a budget .

 

Now, we turn our attention to how to find funding and where to look. Many students are not able to support themselves so need to look at other options with which to fund their studies.

 

Understanding Education Funding

Education Funding alludes to the monetary help that is given to students for their studies. These funds are given by both the private and government organizations and can be distributed for long haul and momentary purposes.

It is likewise imperative to take note of that diverse schools have distinctive methods of subsidising, which may likewise shift as indicated by the course. The procedure of grants and subsidizing are aggressive and before choosing the school, it is significant for the students to guarantee that they have all the expected reports to get the Education Funds.

 

Benefit from funding

In order to access funding, the students need to decide on the kind of Education Funds they require or the one they are eligible for. Before taking a decision, it is very important for the students to take proper advice from their parents or guardians. Furthermore, students may also inform their universities’ finance office and then apply for the respective Educational Funding. 

Students may also refer to the Financial Aid counselor present in the university in which they take an admission.  

In order to get specific funds, the students should also remain updated with important dates, deadlines, submission forms and documents that are required. Moreover, the information that is to be provided should be correct and up to date. 

Listed below are various methods that provide education funds to the students:

 

Sponsorship

Educational sponsorships happen whenever an organisation or individual (philanthropist) invests in students’ education, typically on tuition. 

 

Scholarship

Accessing scholarships mean, receiving award of financial aid for further education. Scholarships are normally awarded based upon various criteria, which usually reflect the values and purposes of the donor or founder of the award.

 

Student Loans

student loan is a type of loan designed to help students pay for tertiary education and the related costs, such as tuition, books, and living expenses. In Ghana, student loans are accessible by only citizens of Ghana and available in all public universities.

 

Aids and Grants

Aids and grants are free money to help pay for university fees. Many organisations and individuals award grants on criteria.

 

Part time Jobs

In some universities, you can find jobs on part-time basis, else you can find a job off-campus without compromising your studies.

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