When KNUST has been shut down because the students are at loggerheads with the Vice Chancellor, meanwhile, the Vice Chancellor of the University of Professional Studies, Accra (UPSA), Prof Okoe Amartey has announced the institution of the Vice Chancellor’s Endowment Fund (VCEF) to address the academic needs of its students.
The VCEF is a GHS 100 million investment fund of cash, securities or other assets set aside for perpetuity to provide funding for UPSA scholarships.
UPSA in a statement acknowledged, “one of the core values of the University of Professional Studies, Accra is ‘Service,’ translated as ‘recognizing social needs and applying our strengths and knowledge to address those needs.
“In pursuance of this value, the University has established the VCEF, an investment fund established for receiving third-party donations as well as contributions from the University, with the purpose of generating operating income for scholarships.”
The UPSA VCEF will help identify and support bright and financially challenged Ghanaians who desire an opportunity to undertake tertiary education at UPSA.
Based on the objectives of VCEF, the disbursement of the fund covers full or part scholarships for newly admitted and continuing undergraduate students as well as newly admitted and continuing students pursuing professional courses at UPSA.
According to the institution, the cost of sponsoring one undergraduate student per year including boarding and lodging is GHS 10,320; GHS 11,320 for LLB level 100 entry and GHS 15,200 for LLB level 200 entry.
To demonstrate their commitment to the fund, the entire UPSA community has supported and will continue to support the fund from their own resources such as personal contributions from the Vice-Chancellor, Pro-Vice-Chancellor, Registrar, all Directors and Deans, UPSA Governing Council, UPSA Management, all UPSA Unions & membership groups, all UPSA Faculties & Centres, UPSA Alumni, SRC and GRASAG students’ contributions.
Good job to the UPSA community.