Paying, Managing University Fees and All The “wahala” Students Face

We are in a country where the cost of tertiary education is becoming extremely higher and not reducing. Most universities in Ghana collect fees per-semester and others do so every academic year.

My worry is, most students are unable to raise and pay this amount before the end of an academic year hence denying them the right to take part in academic activities such as the end of semester examinations.

In recent days, most universities have come up with flexible payment plans for students which are discussed below.

A sample fees structure

University flexible payment plans

1. If your finances are good, the ideal option is to pay in full so you don’t have any problem with registration or border about school fees
2. Most universities including KTU allow students to pay 50 percent of their fees in the first semester and spread the rest over the remaining semester.
3. Allow the use of financial aid or other scholarships schemes to pay off their fees
4. Allow letter of an undertaking if you can’t get the fees within the normal registration period

Now planning your payment plan

If you are coming from what I consider the ideal home, where you are born with your education planed from crèche to the tertiary level, your parents have investments in your name, educational insurance or assurance policies in your name, all you need is to gain admission into any tertiary institution and get access to these investments or policies.

But if you are coming from a typical Ghanaian home where most of us are from, your survival the next day is determined by faith, school fees will be the least to consider. Most of us grow from these homes having either to worked to pay our school fees at an early age.

University fees should not stop you from graduating, what most of us don’t understand is that once you gain admission into a responsible university like KTU, you’ll have 3 years to complete an HND program, meaning having to pay fees for three academic years. You don’t need to always wait for a fees structure to pay your fees, you have a personal account with your index number I will call your account number.

What I will advise is that anytime you come by money which is a gift, tip or worked for, you can always pay into your account regardless if you are in school or on vacation, just make sure it is paid into your school’s personal account. You can always check your account on the SIP.ktu.edu.gh to see if it has reflected

Most students will not buy this, don’t worry, your money is safe, you can keep your pay-in-slips or receipts just for future reference and if you happen to have paid more than your fees for a particular academic year, your account will be credited for the following year until your last semester if you still have a balance in your favour, you can write for a refund.

Thank you for reading,

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