The Financial Aid Board (FAB) supports the vision of the Polytechnic to offer high quality career-focused education to produce human resources with capabilities to meet national development needs. This is to significantly reduce or eliminate financial barriers that might prohibit or inhibit students’ access to Koforidua Polytechnic.
The FAB, thus, provides financial assistance to students who, without such assistance, may not be able to readily access or meet their educational expenditure at the Polytechnic.

VISION
To ensure that financial need is not a barrier to equal access to quality education for bright but needy students.
GOALS AND OBJECTIVES
We shall make the scholarship and financial aid process not cumbersome transparent, and credible. We will ensure that assistance is provided in an effective, timely, fair, and equitable manner to all who qualify.

Encourage the Polytechnic to create and maintain work-study programmes and opportunities for students.

  • Aggressively engage sustainable fund-raising efforts, activities, and programmes.
  • Encourage the establishment of scholarships schemes by individuals and organizations for specific identifiable bodies, such as District Assemblies, religious denominations, etc.
FINANCIAL AID
  1. Financial aid is funds to help you and your family pay for educational expenses such as academic facility user fees. Financial aid is thus available and intended to remove the cost barriers that may prevent you from attaining your educational goals. Brilliant students who demonstrate significant financial need may qualify for financial aid.
    For now, financial aid provided by the Polytechnic involves financial support towards academic fees only. Other additional elements like boarding and lodging, transportation and living expenses would be added as more resources become available.

    TYPES OF FINANCIAL AID

    Financial Aid at the Polytechnic is in the form of a scholarship either in full or part.

    ELIGIBILITY
    In order to qualify to apply for and receive financial aid from the Polytechnic, a student must meet all of the following requirements:
    To be eligible for aid an applicant must satisfy all of the following conditions:

  2. Applicant must complete Application Form available at the Guidance & Counselling Office.
  3. Must be a registered student of Koforidua Polytechnic as enshrined in the students statutes.
  4. Must attend an interview and the panelists must be convinced that he/she really needs assistance from the Board.
  5. Must submit a written statement indicating why he/she needs assistance from the Board.
  6. Must be a contributing continuing student of Koforidua Polytechnic, i.e. they must not owe any freshmen fees.
  7. Must not have received any institutional/foundation scholarships, fee waiver or tuition exemptions.
  8. Must demonstrate his/her financial need to the Board, and must be ready to supply any document required for decision-making.
  9. Parent or Guardian must have suffered a momentary setback that has made it impossible for them to honour the ward’s financial obligations towards the Polytechnic.
  10. A declaration by parent / guardian that he/she is unable to pay fees and must be endorsed by a Religious Leader, Lawyer, Chief, Medical Officer, Senior Public Servant, Minister, Chief or any Person of good standing as may be determined by the board
  11. Must be making excellent academic progress as determined by the University.If you are unsure about any of the items stated above, please contact the Students Financial Aid Office at the Guidance & Counselling Office in the AD Block, near Poly FM  or via email finaid@koforiduapoly.edu.gh or call 0287-249222
FINANCIAL AID INFORMATION
The application process for financial aid commences in November of each year for continuing students. The awards are made by the middle of December in each academic year.
SOURCES OF FUNDS
The main source of funds for Students Financial Aid is through contributions from students and contribution from the Polytechnic’s internally generated fund (IGF).

Attempts are being made to source funds from the following bodies:

  • District Assemblies
  • Government Agencies
  • Corporate Bodies
  • Churches
  • Non-Governmental Organisations
  • Public Spirited Individuals
  • Alumni
OUR CONTACT
Office Location
Guidance & Counselling Office
Former Administration Block
Near Poly FM
Postal Address
Students Financial Aid Office
P. O. Box KF 981, Koforidua – Ghana
Telephones:
0287-249222, 0273-677777; 0342094103
E-Mail:       finaid@ktu.edu.gh
HOW TO APPLY FOR FINANCIAL AID

You are required to submit a completed application form with all the supporting documentation to the FAO. It is important that you respond fully to all the questions on the form that are applicable to you. You may be asked for additional information if corrections are needed or if any information/responses on your application is not clear.

The next step is an interview of short listed applicants. If your application is successful, you will receive written notification from the Financial Aid Office describing the kind of financial aid that you have been awarded. The award would be credited to your student account at the Polytechnic.

Application form could be obtained from the Guidance & Counselling Office.

If you have any questions you may call the Students Financial Aid Office on 0287-249222 or send an email to finaid@ktu.edu.gh. You may also walk in anytime during working hours.
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Please Note

It is important that your eligibility for student financial aid be based upon accurate information. In doing so, together, we can ensure that the right students get financial support, and that the integrity of the Polytechnic Students Financial Aid programme is preserved.

Misrepresentation in any form or manner shall render an application null and void. Any awards made based on a misrepresentation shall be withdrawn or refunded by the applicant, and in addition he/she also may be prosecuted.