NDC’s promise to pay 50% fees for students problematic-ILAPI
Evans Badu Boampong, the Vice President of Policy think tank Institute for Liberty and Policy Innovation (ILAPI), has described the promise by the opposition National Democratic (NDC) to reduce the 2020/2021 academic year fees by 50% as problematic.
He said the NDC should know that there is a problem with this promise because they are only going to pay 50% for one academic year.
”How are the students going to pay the rest of the academic years?” That means the students would have to pay 100% for the rest of the years. That means that automatically they [students] cannot even continue their education.”
Former President John Dramani Mahama, the flagbearer of the National Democratic Congress (NDC), at the launch of the party’s manifesto recently promised tertiary students that the next NDC government would pay 50% fees in the upcoming 2020/2020 academic year if he wins the 2020 polls.
He said the move is to cushion students as part of efforts to support them following the Coronavirus-induced financial challenges.
On the promise by the governing NPP that all tertiary students except those in teacher and nursing training institutions will be able to secure loans without a guarantor if President Akufo-Addo is retained, he described it as laudable.
But he said the question to be asked is that; how many students were accessing the loans?
He said although one problem of the guarantor system has been eliminated, funding could also be a problem for the Loan Trust Fund.
He questioned if the government would be able to pump in more money regularly to meet the demand from students who would want to apply for the student loan.
”That is what we should be thinking about now. The issue of taking the bottom neck that was preventing students from accessing the loans is a good idea but how can we sustain it?” If the NPP has promised to do this, then they may have prepared for it but if not, then they should be careful.”
He added per the promise of the NPP, he was not sure we can get the funds to implement the strategy of the NPP for an academic year unless we borrow.