Students’ Indebtedness and their Repayments: The Case of Ghana Technology University College

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MAY, 2016
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Several kinds of students’ educational financial aid in operation with the aim of guaranteeing students the chance to afford higher education regardless of the student’s financial and economic background. The study sought to examine students’ indebtedness and their repayments. It also explored the impacts of student debtors’ gender, age and attitude on repayments of indebtedness. The study was quantitative in nature and fell on primary data via questionnaire to gather data from 169 respondents out of 300 student beneficiaries of educational credit facility provided by Ghana Technology University College. The findings of this study indicated that students’ indebtedness and their repayments varied across gender, age and attitude. The study revealed that students who fall above 18-22 age category had higher rates of indebtedness repayments. Moreover, female student debtors have slightly higher indebtedness repayments than males. This study also revealed that educational credit facility is manageable and that students have positive attitudes towards repayment of their indebtedness. The study suggested that educational credit facility providers should carefully screen applicants in terms of their gender, age and attitude as predictors of indebtedness repayments.
A thesis submitted to the School of Graduate Studies, Kwame Nkrumah University of Science and Technology in partial fulfillment of the requirements for the award of the Degree of Master of Science in Economics.