Students Loan Trust Fund to release GHC 9.1m to 6,185 students

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The management of the Students Loan Trust Fund (SLTF) in a statement copied to Georgeweb.org has said it will in the course of this week release a further amount of GHC 9.1 million to 6,185 students.

Collectively, the GHC 9.1 million when released will bring the total amount released for the 2019/2020 academic year to 42.9 million Ghana cedis respectively.

According to the management of the Students Loan Trust Fund (SLTF), the schedule for future payments will at the appropriate time be announced to the beneficiaries and the general public.

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The Fund said it continues to receive fresh applications from students for the academic year and these applications will be processed as and when they are received.

About the Students Loan Trust Fund

The Students Loan Trust Fund (SLTF) was established in December 2005 under the Trustee Incorporation Act 1962, Act 106. As part of reforms to make accredited tertiary education more accessible to the majority of qualified Ghanaian students, the Government of Ghana passed the Student Loan Trust Fund Act, Act 820 (2011) for the efficient and effective disbursement of financial resources to tertiary students.

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The Trust Fund has the responsibility to recover loans from students after the completion of their tertiary education.

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The principal objectives of the Trust Fund are to provide financial resources for the sound management of the Trust for the benefit of students and to help promote and facilitate the national ideals enshrined in Article 25 and 38 of the 1992 Constitution.

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Source: Georgeweb.org

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