University students can now get (SLTF) student loans without a guarantor

It is official as university students can now get (SLTF) student loans without a guarantor.  The government of Ghana has passed into law the no guarantor policy with respect to university students accessing the Students’ Loan Trust Fund (SLTF) loans. This was made public by the Minister for Education, Dr. Adutwum as a follow-up to the KNUST students’ brouhaha.

Over the week, some 6000 students were nearly forced to defer their programmes over unpaid fees if not for the intervention of the KNUST SRC and other stakeholders.

Dr. Adutwum has directed students who however deferred their programmes as a result of funding issues to contact the Student Loan Trust Fund for support, since the no guarantor policy for securing a student loan from the trust has been approved by President Nana Addo.

The announcement by the minister regarding the student loans without a guarantor would go a long way to assist many students in tertiary institutions whose education is being threatened by funding issues.

Speaking about the “no guarantor loans for students”, the Minister of Education stated that, the policy will help students in various institutions of higher learning to easily acquire loans with no guarantor to fund their education.

With the passage of the much-awaited no guarantor students loan policy into law by president Nana Addo, students can now walk into the Student Loan Trust Fund offices on-campus and off-campus to complete their registration details for the education funding facility.

Speaking to stakeholders on the reasons why the Nana Addo-led government passed the “no guarantor policy for student loans”, the minister revealed that the policy was part of efforts by the government to improve access to education in the country.

This policy would ensure that graduates from Secondary schools who cannot access scholarships for their higher education can access such a facility upon gaining admission to help them finance their university education in any GTEC-approved tertiary institution which qualifies.

READ: 2022 School Placement Bribery Allegations: NIB, CID Commence Investigations

FAQs: How can University students get (SLTF) student loans without a guarantor?

Q. How can I get a loan from SLTF without a Guarantor?

Answer:

You can get the loan by applying to SLTF. To apply follow these easy steps:

Step 1     Log on to the SLTF website www.sltf.gov.gh

Step 2     Follow link on website and apply for loan (You may save and continue with the application later if you do not complete at one sitting).

Step 3     Follow general instructions in filling out forms online

(Upload a passport picture online)

Step 4     Print out the summary pages of your Loan Application Form

Step 5     Print out and complete the Students Loan

Agreement forms (Complete all forms in BLACK INK and BLOCK LETTERS only)

Step 6     Have your fingerprints (INDEX AND THUMB).

THUMBPRINT should be taken at any SSNIT branch office. You will be assisted by a SSNIT official.

Step 7     Attach photocopies of the following:

i.        Student ID card and Admission letter.

ii.        SSNIT ID number or SSNIT reference number.

iii.        e-zwich card (both sides).

Step 8     Submit 2 original copies of the duly completed forms and copies of the supporting documents to your respective SLTF Campus Office

Q. When can I apply for a loan?

Answer:

Online applications are opened at the beginning of each academic year. Specific details would be communicated through your campus office.

Source: Ghanaeducation.org