student loans

There are a couple of student loans in Ghana that you can apply as a student looking to further your education but lack the necessary funds.

As many countries around the globe are experiencing systemic crisis in their economies in recent times, more is done by various government and private financial institutions to keep their educational sectors from falling into turmoil through the provision of loan services for educational proposes.

In Ghana, tertiary education is becoming more expensive, and, a good number of parents hardly afford to provide the best education for their wards due to the devastating levels of household poverty.


Most university students while in school often suffer a great deal of depression following their inability to cater for their educational expenses.  If you have been in any Ghanaian University before, you would most likely agree that life over there is a struggle for those “unlucky” students who lack enough financial support.

If you are a Ghanaian student in the university, and you are considering getting a financial support base to complete your courses, this article is for you. It outlines the various student loans schemes available in Ghana.


All you need to do is to be aware of the existence of these loans, how they operate and what processes one is required to follow in order to access a loan.


List of Student Loans In Ghana

  1. The Students loan Trust fund—SLTF: The students loan trust fund is an agency under the ministry of education of Ghana which was established in 2005 under the Trustee Incorporation Act 1962, Act 820. It has the core mandate of disbursing funds to Ghanaian tertiary students who are pursuing accredited programs in accredited tertiary institutions. The requirements needed to access a loan is quite easy to come by. You can visit the official website of the agency to get all relevant information about the process it takes to access a loan.


  1. Bank of Africa Ghana educational Loan: It is commonly referred to as Educational Loan. It is a financial institution that extends its loan services to Ghanaians who are employed, but have the desire to further their studies. Besides, they equally offer personal loans to students in Ghana. The Educational Loan have a set of special requirements that potential applicants are expected to meet. You can visit their official website to learn more about its services.


  1. Societe General Ghana: Just like the Bank of Africa Ghana (Educational Loan), the societe general Ghana is one of the financial institutions in Ghana that provides fast loans for students emergency fees. Any student can apply for their services, and to access a loan after they have met the stated recruitments.


  1. HFC Bank of Ghana: This one offers loans to Ghana graduate students only. If you are a graduate student, and you desire to further your studies in any institution, you may want to get enough financial support. HFC Bank of Ghana is a place to secure a loan. Visit their official website to learn more about the recruitments and application processes.

The list above is just some of the financial institutions that give loans for educational purposes.  We will keep updating this list as time goes on. Thank you.

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