Ghana · Funding your studiesFinancing study abroad from Ghana
The SLTF is a public fund for needy Ghanaian students studying in Ghana; it does not finance overseas study. There is no large domestic collateral loan product aimed at study abroad, so international lenders and personal funds do most of the work.
Collateral & guarantor: Collateral-based study-abroad loans are uncommon in Ghana. Students who need financing typically use international no-cosigner lenders that assess the university and future earnings.
Schemes & lenders
Students Loan Trust Fund (domestic only)
Public financing for Ghanaian citizens at accredited institutions within Ghana. It does not cover overseas study.
International no-cosigner lenders
Prodigy Finance includes Ghana in its 150+ supported countries, lending to students abroad based on the university and future earnings; MPOWER lends similarly when open.
Foreign exchange & remittance
Tuition and living costs are sent abroad through commercial banks. Keep your offer letter and fee schedule ready and confirm foreign-exchange requirements with your bank.
Documents you’ll typically need
- University offer letter and fee schedule
- Passport and student visa
- Proof of funds / sponsor income
- Academic records and test scores
International no-cosigner lenders
Prodigy Finance
Lends to international master's students (MBA, STEM, law, public policy and similar) from 120+ countries without a co-signer, assessing future earning potential and the university/programme rather than a guarantor's income. Can finance up to 100% of the cost of attendance. Students must be admitted to a supported university and programme.
MPOWER Financing
Offers no-cosigner, no-collateral loans to students from 150+ countries studying in the US and Canada, with a lifetime limit around US$100,000. Note: MPOWER paused new lending for 2026 after reaching funding capacity, so check current availability before relying on it.
Frequently asked questions
Does the Students Loan Trust Fund cover studying abroad?
No. The SLTF funds needy Ghanaian students at accredited institutions inside Ghana. For overseas study, families generally use personal funds and forex remittances, plus international lenders where needed.
How can a Ghanaian student finance study abroad?
Commonly through family savings and bank remittances, combined with an international no-cosigner loan from Prodigy Finance (which supports Ghana) or MPOWER when open — these assess your university and future earnings rather than local collateral.
Plan your funding
Sources: Students Loan Trust Fund — Mission and Vision
Last reviewed October 2026. This is general educational information, not financial or lending advice. Loan products, rates, scheme rules and foreign-exchange limits vary by lender and change over time — verify current details with regulated lenders and your bank, and speak to a qualified adviser about your own situation.