The Students Loan Trust Fund (SLTF) is set to launch the no guarantor policy which removes the requirement for student loan applicants to produce a guarantor before accessing the loan.
The event is happening today, June 8 2022 at the KNUST. This was revealed by the Minister of Education, Dr Yaw Osei Adutwum at the inauguration of a new Board of Trustees for the organization.
“Previously, one of the major obstacles for students who needed to access loans was the need for them to produce a guarantor. From this academic year, as pledged in the 2020 NPP manifesto, students only need a Ghana Card to access the loan. Studies indicate that the implementation of this policy would lead to a 60% increase in demand for student loans” he said.
He charged board members to be innovative in their quest to raise funding for the SLTF
Speaking on Oyerepa Breakfast Show, the Education Minister said the new Policy will enable students to get sound minds to study.
He further said that the Loan Trust fund will no longer deal with the students by disbursing the monies to them, rather, they will deal directly with the schools, hence the monies will be paid into the accounts of the schools.
Source: Oyerepafmonline.com/ Francisca Intsiful
