The existing literature has not thoroughly investigated the relationship between higher education and economic development, especially in the context of Africa. This paper studies the effects of financial accessibility to higher education and its relationship with income inequality. I employ a three-stage conditional-mixed process model on 30 sub-Saharan African countries between 1980-2014. The results show that improving financial accessibility to higher education reduces income inequality through higher enrollment rates and greater productivity. The implications of these results are significant; focusing on creating an inclusive higher education system could greatly improve the income distribution in sub-Saharan Africa.