SLTF pays Ghc15m to 12,000 to ‘no guarantor’ students – CEO reveals
Chief Executive Officer of the Student Loan Trust Fund (SLTF), Nana Kwaku Agyei Yeboah
Chief Executive Officer of the Student Loan Trust Fund (SLTF), Nana Kwaku Agyei Yeboah has revealed that some GHs15 million have been disbursed to some 12,000 students in tertiary institutions across the country without guarantees to aid in their education.
He stated that everything possible would be done to ensure that payment of funds to students would be made timeously to the beneficiaries to ensure that the students did not have challenges with funding.
Speaking on OTEC FM’s afternoon political show dubbed, ‘Dwabrem’ Mr Asiedu Nkatiah on Friday August 19, 2022, Nana Agyei Yeboah stated that after the introduction and launch of the ‘No Guarantor’ policy, the SLTF has upgraded itself to be able to reach out to every Ghanaian student who wishes to acquire a student loan.
He however cautioned against payment of monies by students seeking to acquire loans to any persons as their services are for free. He says the current government has keen interest in improving student’s status and therefore his outfit is not sleeping on their job.
The CEO explained that all continuing students who are beneficiaries of the Students Loan Scheme in the country were paid in March this year.
Nana Agyei Yeboah told the programm’s host Prince Nii Ade (Dr. Cash), that everything possible would be done to ensure that payment of funds to students would be made timeously to the beneficiaries to ensure that the students do not have challenges with funding.
Nana Agyei Yeboah appealed to beneficiaries of the scheme to ensure that they voluntarily paid back their loans to ensure that the government got enough funds at all times to run the scheme for the benefit of others.
The CEO said the only people who have so far not been paid were those who have applied but have not completed the submission of the required information to the scheme, and urged them to expedite action in the completion of their documentation and take their biometrics, so they could be paid.
He appealed to those who have not yet applied to the scheme to do so since they could also benefit from the loan which was readily available to all qualified students irrespective of political, social, religious and ethnic orientation.
Background
The difficulties involved in getting people to guarantee for student loan applicants used to be a major challenge to many students in tertiary institutions.
This prompted President Nana Addo Dankwa Akufo-Addo’s government to introduce the No Guarantor Loan scheme to ensure that tertiary students are able to secure loans to support their education without much difficulty.
To ensure that beneficiaries received their funds without much challenges, they are required to have E-zwich cards, a smartcard issued by the Ghana Interbank Payment and Settlement System Limited (GhIPSS) for easy transfer.
Source: Ghana/otecfmghana.com/Evans Agyei Sikapa
