SLTF Opens Applications For Over 70,000 Students To Access Loans

The Students Loan Trust Fund (SLTF) has announced the opening of applications for the 2022/2023 academic year  for over 70,000 students to access loans.

Tertiary students across the country will be able to access the Students Loan portal either through the organization’s website or by downloading the Students Loan App.

It is normal that north of 70,000 new applicants will access the loan for the 2022/2023 academic year as against 32,744 students who benefitted last year because of measures set up to connect with great many applicants.

The normal sharp increase is because of the introduction of the ‘No Guarantor Policy’ last year which has facilitated the difficulties applicants looked in the past looking for individuals to ensure for them before being offered the loan.

The Chief Executive Officer (CEO) of the Students Loan Trust Fund (SLTF), Nana Kwaku Agyei Yeboah, who announced this to the media in Accra last Friday said, each effort was being made to guarantee that numerous students approach the loan office to support their education.

He referenced the intensification of public education and increase in the number of access points cross country as a portion of the actions set up to bring to the consideration of all Ghanaians the exercises of the Trust across the country.

Nana Agyei Yeboah expressed that there are presently 32,744 beneficiaries on the Students Loan from 110 tertiary institutions across the country.

He explained that in the last academic year, the SLTF disbursed GH¢64,645,575.00 of loans to 32,744 students.

The CEO of the SLTF has urged students to exploit the new policy to access sponsored financing for their tertiary education.

The public authority through the SLTF, in June 2022, sent off the ‘No Guarantor Policy’ with the sole point of easing the trouble applicants looked in accessing loans to support their education in tertiary institutions across the country.

With the introduction of this policy, understudy loan applicants never again need guarantors to access the loan.

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It is expected that the removal of the guarantor requirement will prompt an increase in the number of students who can access the loan.