Investigation into AI-Based Automatic School Fee Loan Eligibility Assessment in Lokoja LGA, Kogi State
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style:
- Recommended for :
- NGN 5000
Background of the Study
The payment of school fees is one of the major barriers to education, particularly for students from economically disadvantaged backgrounds. Many students face challenges in securing financial assistance for their education, often delaying or halting their academic progress. Traditional methods of assessing eligibility for school fee loans are often manual and inefficient, leading to long processing times, administrative burdens, and inaccuracies. The integration of Artificial Intelligence (AI) into the school fee loan eligibility assessment process offers a promising solution by automating decision-making based on multiple data points, including financial status, academic performance, and student background.
In Lokoja LGA, Kogi State, educational institutions face an increasing number of students seeking financial aid but lack efficient systems to assess their eligibility. This study aims to explore the use of AI to automate the school fee loan eligibility process. By leveraging machine learning algorithms, the study will develop a system that can analyze student data in real-time, making the loan approval process faster, more accurate, and equitable. The investigation will assess the feasibility, benefits, and challenges associated with the implementation of AI-based loan eligibility assessments in Lokoja LGA.
Statement of the Problem
Despite the growing need for financial assistance to support students’ education, institutions in Lokoja LGA, Kogi State, continue to use manual systems for assessing school fee loan eligibility. These systems are often slow, prone to human error, and fail to consider a wide range of relevant factors. Additionally, students frequently face delays in receiving financial aid, which can affect their academic performance and progression. An AI-based solution has the potential to streamline the eligibility assessment process, reducing delays and improving the accuracy of decisions. However, the effectiveness and practicality of such a system in the context of Lokoja LGA remain largely unexplored.
Objectives of the Study
1. To design and implement an AI-based system for automatic school fee loan eligibility assessment.
2. To evaluate the effectiveness of the AI-based system in improving the efficiency of loan eligibility assessments.
3. To analyze the challenges and opportunities involved in implementing an AI-based loan eligibility system.
Research Questions
1. How effective is the AI-based system in assessing the eligibility of students for school fee loans?
2. What impact does the AI-based system have on the speed and accuracy of the loan eligibility process?
3. What challenges are associated with implementing AI-based school fee loan eligibility assessments in Lokoja LGA?
Research Hypotheses
1. The AI-based system significantly improves the speed of the school fee loan eligibility assessment process compared to the manual method.
2. The AI-based system provides more accurate loan eligibility decisions than traditional methods.
3. The implementation of the AI-based system faces challenges related to data privacy, system integration, and user adoption.
Significance of the Study
This study will provide educational institutions in Lokoja LGA with a comprehensive analysis of the potential benefits and challenges of adopting AI-based systems for school fee loan eligibility assessment. It will streamline the loan application process, ensuring faster, more accurate, and equitable decisions, thereby improving students' access to financial support.
Scope and Limitations of the Study
The study will focus on institutions in Lokoja LGA, Kogi State, specifically evaluating the design, implementation, and effectiveness of AI-based systems for school fee loan eligibility assessments. The limitations include resistance to adopting AI solutions, data privacy concerns, and infrastructure challenges.
Definitions of Terms
• AI-Based School Fee Loan Eligibility Assessment: An automated system that uses AI algorithms to determine student eligibility for financial aid based on multiple data points such as academic performance and financial need.
• Machine Learning: A type of AI that allows a system to improve its performance through experience, analyzing data and recognizing patterns.
• Financial Aid: Monetary assistance provided to students to support their education, often in the form of loans or scholarships.
Related Project Materials
An Examination of the Statistical Relationship Between Family Income and Access to Healthcare in Kebbi State
Background of the Study
Access to healthcare is a critical determinant of health outcomes, yet it remains highly uneven, particularly in...
INVESTIGATION INTO THE CAUSES AND EFFECT OF INDISCIPLINE AMONG STUDENT IN PUBLIC SECONDARY SCHOOL
ABSTRACT
The purpose of this study was to investigate the causes and effects of indiscipline among seco...
THE IMPACT OF CIVIL SOCIETY IN DEMOCRATIC SUSTAINABILITY IN NIGERIA (A CASE STUDY OF NGOS IN BORNO STATE).
Background of the Study
The concept of democratic principles is described as a form of political...
THE USE OF INFORMATION AND COMMUNICATION TECHNOLOGY IN TEACHING OF BUSINESS STUDY
ABSTRACT
This study was carried out on the use of information and communication technology...
An investigation of discourse strategies in Igbo wedding speeches in Onitsha
Background of the Study
Discourse strategies in ceremonial contexts such as wedding speeches are critical for conveying cultural values a...
Design and Implementation of a Faculty Evaluation System for Federal University of Technology, Minna
Background of the study
Faculty evaluation is an essential process in higher education institutions, as it helps ensure aca...
An investigation of the relationship between working memory and syntactic comprehension in Igbo language learners
Background of the Study
Working memory plays a critical role in language comprehension, particularly in parsing complex syntactic structu...
INFLUENCE OF ENGLISH LANGUAGE ENTRY GRADES ON STUDENTS‟ PERFORMANCE IN SHORTHAND IN FEDERAL COLLEGES OF EDUCATION IN NORTH-WEST ZONE, NIGERIA
ABSTRACT
The study investigated the Influence of English Language Entry Grades on Students‟ Performance in Shorthand in Federal Colleges...
THE ROLE OF TELEVISION ON EDUCATING THE PUBLIC ON THE PREVENTIVE MEASURES AGAINST THE SPREAD OF CORONA VIRUS IN NIGERIA
ABSTRACT
This study delves into findings of the role of television on Educa...
An evaluation of cause-related digital marketing on brand trust: Evidence from a nonprofit organization in Lagos, Nigeria
Background of the study
Cause-related digital marketing has become an important strategy for nonprofit organizations aimin...
