The University of Professional Studies, Accra (UPSA) launched the Vice-Chancellor’s Endowment Fund (VCEF) on October 19, 2017. Established as an investment fund for receiving third-party donations, as well as contributions from the university’s stakeholders, the VCEF generates operating income for scholarships
Over 1,350 students, who qualify to enter UPSA, are unable to do so due to lack of financial resources. Additionally, about 300 continuing students defer their studies or drop out of the university because they are unable to pay their fees.
The university receives a colossal number of 1,450 applications for financial assistance each year from continuing students. The statistics, therefore, point to a grim situation. So how does the university deal with these applications which keep coming?
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The VCEF seeks to achieve the following such as to identify and support bright but financially challenged Ghanaians who desire an opportunity to undertake tertiary education at the UPSA.
It’s also to support brilliant and progressive financially challenged continuing undergraduate and postgraduate students through the provision of scholarships tenable for training at any of the UPSA faculties.
Management of fund
Story of the first beneficiary
The maiden beneficiary of the VCEF is a 19-year-old young man, Ali Inusah, son of a cattle herder. Ali Inusah and his four older brothers performed very well at school but none of them was able to progress beyond the junior high school level.
But Ali did not have any high expectations beyond senior high school level as his parents – father, a cattle herder, and mother, a petty trader -- could not afford the cost of university education.
His only expectation was perhaps to assist in the family business. Fortunately, Ali’s story was aired by Citi FM, and the Vice Chancellor
One year on, Ali’s life has now changed for the better. He is now a Level 200 (second year) student at the UPSA, pursuing a Bachelor of Science degree in Accounting. Ali scored a total 3.81Grade Point Average (GPA) at the end of his first year, placing him firmly in the category of a first-class student.
In order to help needy, brilliant students such as Ali Inusah, the VCEF is seeking to raise a seed amount of (GHS 100 million) within a period of five years. To this end, the university is appealing to its alumni, philanthropists and public-spirited individuals to donate to the UPSA VCEF. Your donation will be invested to yield returns for
While a financial donation which can be easily
The university will also be happy to receive support for VCEF in the form of learning resources and materials.
To demonstrate its commitment to the fund, the entire UPSA community has contributed and will continue to support the fund from its own sources such as: Contributions from the UPSA Governing Council; Vice-Chancellor, Pro-Vice-Chancellor and Registrar; directors and deans; UPSA unions and membership groups; UPSA faculties and centres; UPSA alumni; SRC and GRASAG contributions, as well as individual contributions from UPSA members.