How To Pay School Fees Abroad In Nigeria

Are you among the candidates seeking an opportunity to study abroad; whether for an undergraduate degree programme or postgraduate programme (PGD, MSc. Phd.)? If yes,
Do you know the current cheapest means of paying tuition fees in abroad from Nigeria without stress? It's very simple, Read more

How to pay for school fees in Australia from Nigeria

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STEPS TO PAY TUITION FEE IN ABROAD FROM NIGERIA

There are several means to pay for tuition fee aboard from Nigeria. The current cheapest means is through;

Form A

Domiciliary Account

Agents

HOW TO PAY SCHOOL FEES ABROAD USING CBN FORM A

Visit the customers’ care of any of these Nigerian banks: Firstbank of Nigeria, Guaranty Trust Bank, Stanbic IBTC, Diamond bank, Zenith bank, and Fidelity bank; if you have an account with them that would be better. Take the bank detail of the school that offer you the admission.

Tell them you want to pay for school fees abroad using Form A, you will be directed to the appropriate desk where you will be given Form A to fill and sign. Please, make sure you fill the form correctly; ask questions where you are not clear.

The bank will communicate to you after proper filling and documentation of form a, the day the payment will be made.

Scan the payment receipt and email it to your school in abroad, they will notify you when they received the payment.

If you don’t have account with any of the bank mention above; you may need to first, visit any CBN office close you to present your evidence of your school admission abroad. After authentication by CBN, you will be given an official exchange rate waiver.

After given a waiver; visit any of the bank mention above or if possible, visit GTbank with this official exchange rate document from CBN

Tell you them you want to pay for your tuition fees abroad. Present the CBN paper to them.

You will be given Form A to fill and sign. The procedure continues as in above.

GTBank may take up to 2 months to make the payment.

Stanbic IBTC may take maximum of 72 hours to make the tuition fee payment.

Firstbank of Nigeria may take maximum of 48hours to make the payment.

Important!!

Don’t wait till when it is remaining 2 months, 1 month or weeks before you starting seeking for means to pay your school fees abroad. Start at least 3 months earlier.

Any of these bank mention above may claim to make the tuition fees payment within 72hrs, 48hrs or even 24hrs, I rather suggest you visit them often to make sure they keep to their promise.

HOW TO PAY TUITION FEES ABROAD FROM NIGERIA USING DOMICILIARY ACCOUNT

Here, you have to open a domiciliary account or use a domiciliary account of someone you know to make the payment.

Some Nigeria banks to open a domiciliary account with are GTbank, Firstbank, Diamond bank, and Zenith bank.

Search for how to open a domiciliary account with Gtbank, Firstbank and Zenith bank on this website

Once, you open a domiciliary account let say with GTBank; the next step is to fund the domiciliary account with the require amount you wish to pay as school fees abroad.

To fund the account, foreign exchange Company, like Travelex may offer better foreign exchange rate option than the black market (BDCs).

Show GTbank staff the admission letter and they will give form to fill the university bank details and to also add your student name and student ID number.

You need to have extra money on your domiciliary account for bank transfer charges. The bank charges include; telex transfer charge (optional but necessary), off shore charges

and £10 if the correspondence bank need to deduct.

HOW TO PAY SCHOOL FEES FROM NIGERIA THROUGH AGENTS

There are many agents (both local and international agents) that claim to offer the service of helping students who are offered admission abroad to pay for their school fees. Shine your eyes before you proceed with them because I don't trust them