How to fund Free SHS graduates 2020 university admission and Tuition
The Free SHS policy relieved parents from their education financing at the secondary school level since the government rolled out the policy, however, the financing university education is a different headache.
Funding university education – Prepare ahead, don’t wait for the government
The government will not pay the fees of Free SHS graduates who gain admission into the tertiary institutions in the next academic year.
Should the NDC win the 2020 election, parents may get up to 50% reduction in fees, but what can you do to prepare for your ward’s admission into the tertiary institution?
When WASSCE 2020 graduates enter the tertiary level, it is no doubt that University Admission/ tuition funding will be tough for many parents and guardians given the coronavirus among others.
READ: The Pre-tertiary Education Bill 2019- Fears of the Ghanaian Teacher
The responsibility and burden will shift to parents hence there is the need to be proactive by planning, saving funds to meet the financial demands of tertiary education if they want their wards to smoothly progress into the universities, colleges of education, and nursing training colleges should they pass the WASSCE 2020.
Read: Poverty No Longer A Barrier To Education In Ghana-Prez Akufo-Addo
If only 50% of Free SHS students pass the WASSCE 2020 and the NOV-DEC students join them to apply for tertiary admissions. That will be close to 300,000 applications or more.
With the limited admission opportunities in both public and private universities, one’s inability to pay approved fees on time could make one lose his or her admission slot to another student on the waiting list.
The tendency for parents to lose sight of the fact that they will now have to fund their wards education may be daunting. A minimum savings of Ghs500 and a maximum of ghs1500 is required to buy university admission form(s). Often students apply for more than one institution which means more money is needed.
For the money needed for funding university education in terms of tuition, at least Ghs5000 is required for tertiary education fees and lodging in year one, semester 1.
Read: UNIVERSITY OF GHANA 2020/2021 Entry Requirements – Ghana WASSCE/SSSCE
Raising such an amount has not been an easy huddle for many parents and guardians in the past, however, taking a proactive step towards tertiary education financing for Free SHS graduates ahead of their WASSCE 2020 examination is the sure way to ensure a smooth progression from pre-tertiary education to tertiary.
Brilliant students and many more who passed the WASSCE in the past have had to stay home for many more years due to the lack of funding for their tertiary education. Churches, individual philanthropists, scholarship awarding institutions, NGOs, and the GETFund secretariate may be needed to rescue such many students.
READ: Dont’ Blame Free SHS If WASSCE 2020 Students Fail
Parents cannot and should not always rely on such opportunities to fund their wards University Admission and tuition but take their ward’s destiny into their own hands and start saving towards it now.
This writes up is an early signal for parents and guardians to start thinking and taking financing decisions and putting in place strategies to raise enough money towards their university education.
Parents could open special savings accounts from now and save funds in them for the tertiary education funding their wards would need.
For those who have education-related investments and insurance policies, this will be the time to find out from your insurer or investment managers of such funds, how much you can raise from such policies in the next three months to fund your ward’s education.
Knowing this off-hand will help you take precautionary and proactive decisions on what to do to raise the difference.
Save towards your Free SHS graduate’s University education now. It pays to be proactive.
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