Gabon - Guidance To Apply Student Loan

ProcedureEdit

Students can apply for a student loan by visiting the Ministry of education student loan section and explore all their options and find a loan program that can best suit their particular need and preference.

Step 1 Before you start with how to apply for student loans, you need to have an idea of the different types of loan programs available and the coursed that are eligible for this type of loan.As different loans have different terms and conditions, you should find out the eligibility requirements, cover, rate of interest, repayment plan options, termly payment and total cost of a loan program before applying for a student loan. In most cases, students need to fill out and submit the Application for Student loan. This form helps to know which loans one can avail and how much one can get.You should get the complete details of these funds prior to applying for student loans so that you may settle for the best option in terms of rate, repayment options and cover.

Step 2 To apply for a student loans, you can get in touch with the Ministry Education student loan office in Gabon then apply for a loan program. You are required to meet the eligibility requirement of a particular loan program as discussed above. In most cases,you need to complete the Application to apply for the student loan. It is also imperative to be a Gabon citizen other than being enrolled in any university program in order to get student loan successfully.

Step 3 Attach the required pass slips but make sure to have a good credit history and a cosigner. If you do not have a good credit score, your cosigner must have a very strong credit history. Very few private student loans can be obtained without a cosigner. but make sure that you have a good credit history and a Certified pass slips. If you do not have a good credit score, your must have a very strong credit history. Very few private student loans can be obtained without an excellent grades.Good grades poor financial background may improve your ability to get approved, enable you to secure a lower interest rate, and speed up the credit decision process.

Step 5 Submit your application to the Ministry of Higher Education and Scientific Research Student loan Board for selection and shortlist,after a few weeks they will be approved and a list of successful applicants will be informed to Sign the student credit agreement. Then the Loan will be disbursed directly to the institution Bank Account where you intend to study from.

Required DocumentsEdit

i) Your Academic documents

ii) Admission letter from the institution of higher education.

iii) Loan Repayment plan option

iv) Three recent passport photographs.

v) University Fees charge option.

vi) Operating Bank Account Number.

vii)cost of the Education.

Office Locations & ContactsEdit

Ministry of Higher Education and Innovative Technologies, -

H.E. Mr. Ovono, Gaston

Ministry of Higher Education & Scientific Research

Government of the Republic of Gabon

B.P. 2217 - Libreville -

Tl : +241 76 07 84 -

Fax : +241 76 39 09 -

Mail: [email protected]

http://www.en.legabon.org/

http://www.rohama.org/en/content/663

EligibilityEdit

The following students are eligible to apply for loans provided

i) He/She has obtained admission on merit through normal course/procedure in the approved Universities/Colleges of the public sector mentioned hereunder.

ii) He/She falls at the time of admission within the age bracket of:- For Graduation Not exceeding 21 Years -For Post-Graduation Not exceeding 31 Years and For Ph.D Not exceeding 36 Years

iii) He/She has secured at least 70% marks in the last public examination.

iv) He/She has undertaken the study of the subjects given below.

v) He/She is unable to pursue studies due to financial constraints.

FeesEdit

Explain the fees structure which is required for obtaining the certificate/document.

ValidityEdit

The loan varies from 2-4 year basing on the duration of course of applicant.

But Usually 3 years repayment period after completion of the studies.

Documents to UseEdit

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Sample DocumentsEdit

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Processing TimeEdit

The time varies as indicated in different adverts or admission letter.

InstructionsEdit

i). The applicant MUST be a student in Gabon.

ii).Applicants must be admitted to any accredited Tertiary Institutions of Higher learning in Gabon.

iii).The Education Loan currently include the Universities, Polytechnics and some Specialized Institutions.

iv)students should apply before commencement date to allow ample time of processing their application.

v).It is imperative to conduct thorough research before you apply for the Education Loan.

Required InformationEdit

i) Valid Admission Letters;

ii)contact Details of the Applicant.

iii)The contact Details of the Institution/University.

iv). Bank details

v).4 Passport-sized Photographs

vi). valid Student Identity Cards.

vii)Birth certificate

viii)National identification Card.

Need for the DocumentEdit

Education in Gabon is largely based on the French educational system and regulated by two Ministries: the Ministry of Education, which is in charge of pre-kindergarten through High School, and the Ministry of Higher Education and Innovative Technologies, which is in charge of universities and professional schools.

Student Loans are funds that are offered by different government or private resources in order to make higher education accessible to students from different financial backgrounds.

Since the cost of education has been rising continuously, it has become extremely hard for most families to pay for the cost of higher degree programs.

Students in Gabon can be availed with Education Loans to pay their education fee.

A STUDENTS LOAN SCHEME for Education was launched by the Government of Gabon in collaboration with leading commercial banks in Gabon).

Under the Scheme, financial assistance is provided by way of Interest Free Loans to the meritorious students who have financial help for pursuing their studies in Scientific, Technical and Professional education within Gabon.

The loan scheme includes the following

i) the cost of books,

ii)tuition fee and living expenses.

iii)other related expenses with the help of the Educational funds

The Scheme is being administered by a high powered committee comprising Ministry of education, commercial banks and representative of Ministry of Finance, Government of Gabon. Student Loans are different from the Ordinary Loans because they have easy repayment methods with usually low rates of interest. Further, there are different types of laws related to Student Educational Loans in Gabon.

Students in Gabon can apply for student loans and get the amount that can help them to pay for their tuition and other related expenses.Usually the loan level to be granted in each academic year is determined by Government of Gabon in consultation with Ministry of Education in Gabon.

Information which might helpEdit

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External LinksEdit

http://www.gaboneducation.info/education-funding/education-loans/index.html

OthersEdit

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