BusinessDay
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Stanbic IBTC offers educational solutions to parents, schools

In a bid to improve access to quality education in Nigeria, Stanbic IBTC Holdings has rolled out a bouquet of financial solutions that would provide support to schools, parents, guardians and students.

The range of financial solutions is targeted at empowering parents and guardians to send their wards back to school with ease, while also enabling school owners to acquire attractive educational facilities that will support learning goals.

To ensure stress- free investment towards their wards’ education, Stanbic IBTC is offering parents and guardians a savings portfolio for young children and tertiary institution students through its Children Educational Savings Scheme ( CHESS) and Blueedge, respectively.

CHESS account offers a higher interest rate than what is earned on regular savings account while the Bluedge Savings Account allows students to open accounts with zero balances and still earn monthly interest, thus taking away the pressure of setting up an account with huge funds.

For longer- term educational planning, Stanbic IBTC urges parents and guardians to take advantage of the Stanbic IBTC Education Trust (SET) which is designed to help them fund their children and wards’ education through a flexible and convenient plan with long-term benefits.

Charles Omoera, chief executive, Stanbic IBTC Trustees Limited, Stanbic IBTC scientifically estimates the cost of education using key economic parameters and then offers parents/ guardians flexible contribution options to select from to enable them effectively plan how to fund their wards’ education now and in later years.

Advising school owners and parents to avail themselves of the benefits of the Stanbic IBTC ‘Back to School’ solutions, Omoera reaffirmed that the organisation has pledged its continuous commitment to the development of education and achievement of educational dreams in the country.

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Businessday understands that educators are also covered, and the solution ensures that children’s education is not hindered in any way. Stanbic IBTC, through its school loan offer, is giving flexible financial support to school owners to meet urgent cash-flow needs for replacement of old furniture, refurbishment of dilapidated buildings, purchase of stationery and so on.

On the uniqueness of these solutions, Wole Adeniyi, chief executive, Stanbic IBTC Bank PLC, said the Stanbic IBTC back-to-school offers are geared towards making the school resumption season easier and more seamless for parents, guardians, and school owners, such that they can meet urgent financial needs at minimal costs.

“Preparation for school resumption after the Christmas festivities is usually fun, particularly for children. However, the excitement could be dampened if parents have to struggle for school fees and other mandatory payments. Stanbic IBTC knows this, and as such, developed the ‘Back to School’ educational package to help reduce the financial burden on parents and guardians,” Adeniyi said.

The bank however says all of its electronic channels remain available and easily accessible to ensure that school fees’ payments and back-to-school purchases can be made with ease

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