Financial Inclusion and Access to Higher Education An Empirical Study of Selected Districts in Eastern Uganda

Access to higher education has continuously been a challenge in Uganda. The research brought out the relationship between financial inclusion and access to higher education. Descriptive survey research design was adopted and the findings established that digital financing eases making deposits in...

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Main Authors: Eton, Marus, Sammy, Godfrey Poro, Denis, Sekiwu, Fabian, Mwosi, Francis Akena, Adyanga
Format: Article
Language:en_US
Published: European Journal of Business and Management 2020
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Online Access:http://hdl.handle.net/20.500.12493/450
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author Eton, Marus
Sammy, Godfrey Poro
Denis, Sekiwu
Fabian, Mwosi
Francis Akena, Adyanga
author_facet Eton, Marus
Sammy, Godfrey Poro
Denis, Sekiwu
Fabian, Mwosi
Francis Akena, Adyanga
author_sort Eton, Marus
collection KAB-DR
description Access to higher education has continuously been a challenge in Uganda. The research brought out the relationship between financial inclusion and access to higher education. Descriptive survey research design was adopted and the findings established that digital financing eases making deposits in banks, transacting via mobile money and switching from one bank to the other. Students find it easy to deposit tuition in the bank just as they find it easy to access money via mobile money. While financial inclusion makes financial services available in the economy, students, especially those from low-income families find difficulty accessing a wider range of these products, which hinders their access to higher education. The study also establishes that a good number of students fail to meet admission requirements. Since students from low-income families attend high schools of low quality, they have insufficient understanding of some subjects, and thus unable to join higher education. Online registration and payment, students’ decision not to join, peer influence, and rigidity of university programs; are deeply flawed to limit accessing higher education. However, financial services remain accessible to rich individuals who demonstrate ability to pay. The study recommends that the government of Uganda through the concerned ministry should review the implementation of their policies on Students loan scheme and district quota systems. The government should always publish the lists of students admitted to higher education institutions in popular media and newspapers to create awareness to those being admitted to particular institutions.
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id oai:idr.kab.ac.ug:20.500.12493-450
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publisher European Journal of Business and Management
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spelling oai:idr.kab.ac.ug:20.500.12493-4502024-01-17T04:44:39Z Financial Inclusion and Access to Higher Education An Empirical Study of Selected Districts in Eastern Uganda Eton, Marus Sammy, Godfrey Poro Denis, Sekiwu Fabian, Mwosi Francis Akena, Adyanga Financial Inclusion. Digital Financing, Financial Services, Access to Higher Education, Higher Access to higher education has continuously been a challenge in Uganda. The research brought out the relationship between financial inclusion and access to higher education. Descriptive survey research design was adopted and the findings established that digital financing eases making deposits in banks, transacting via mobile money and switching from one bank to the other. Students find it easy to deposit tuition in the bank just as they find it easy to access money via mobile money. While financial inclusion makes financial services available in the economy, students, especially those from low-income families find difficulty accessing a wider range of these products, which hinders their access to higher education. The study also establishes that a good number of students fail to meet admission requirements. Since students from low-income families attend high schools of low quality, they have insufficient understanding of some subjects, and thus unable to join higher education. Online registration and payment, students’ decision not to join, peer influence, and rigidity of university programs; are deeply flawed to limit accessing higher education. However, financial services remain accessible to rich individuals who demonstrate ability to pay. The study recommends that the government of Uganda through the concerned ministry should review the implementation of their policies on Students loan scheme and district quota systems. The government should always publish the lists of students admitted to higher education institutions in popular media and newspapers to create awareness to those being admitted to particular institutions. Kabale University 2020-09-15T09:21:02Z 2020-09-15T09:21:02Z 2020 Article ISSN 2222-1905 (Paper) ISSN 2222-2839 (Online) http://hdl.handle.net/20.500.12493/450 en_US application/pdf European Journal of Business and Management
spellingShingle Financial Inclusion. Digital Financing, Financial Services, Access to Higher Education, Higher
Eton, Marus
Sammy, Godfrey Poro
Denis, Sekiwu
Fabian, Mwosi
Francis Akena, Adyanga
Financial Inclusion and Access to Higher Education An Empirical Study of Selected Districts in Eastern Uganda
title Financial Inclusion and Access to Higher Education An Empirical Study of Selected Districts in Eastern Uganda
title_full Financial Inclusion and Access to Higher Education An Empirical Study of Selected Districts in Eastern Uganda
title_fullStr Financial Inclusion and Access to Higher Education An Empirical Study of Selected Districts in Eastern Uganda
title_full_unstemmed Financial Inclusion and Access to Higher Education An Empirical Study of Selected Districts in Eastern Uganda
title_short Financial Inclusion and Access to Higher Education An Empirical Study of Selected Districts in Eastern Uganda
title_sort financial inclusion and access to higher education an empirical study of selected districts in eastern uganda
topic Financial Inclusion. Digital Financing, Financial Services, Access to Higher Education, Higher
url http://hdl.handle.net/20.500.12493/450
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AT denissekiwu financialinclusionandaccesstohighereducationanempiricalstudyofselecteddistrictsineasternuganda
AT fabianmwosi financialinclusionandaccesstohighereducationanempiricalstudyofselecteddistrictsineasternuganda
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