No Fees Stress Application Ends July 31 — Student Loan Trust Fund Urges Students to Apply Now
The Student Loan Trust Fund (SLTF) has announced that the application window for its **No Fees Stress** initiative will close on **July 31, 2024**. This program, designed to ease the financial burden on students seeking higher education, provides interest-free loans to eligible applicants, covering tuition and other academic expenses.
With the deadline fast approaching, the SLTF is urging prospective applicants to complete their submissions to avoid missing out on this crucial financial support.
What is the No Fees Stress Initiative?
The **No Fees Stress** program is part of the SLTF’s efforts to make education more accessible by removing financial barriers. Unlike traditional loans, this scheme offers:
- **Interest-free loans** for tuition and academic fees
- **Flexible repayment terms** after graduation
- **No collateral requirement**, making it easier for students from low-income backgrounds to apply
The initiative targets **tertiary students** in public and accredited private institutions across Ghana, ensuring that financial constraints do not hinder academic progress.
Who is Eligible?
To qualify for the No Fees Stress loan, applicants must:
- Be **Ghanaian citizens**
- Have gained admission to an **accredited tertiary institution**
- Demonstrate **financial need**
- Provide a **guarantor** (a public sector worker or an approved professional)
Additionally, applicants must submit the required documents, including admission letters, academic records, and guarantor forms, before the deadline.
How to Apply Before the Deadline
The application process is entirely **online** to ensure convenience and efficiency. Students can follow these steps:
1. **Visit the SLTF website**: [www.studentloan.gov.gh](http://www.studentloan.gov.gh)
2. **Create an account** and fill out the application form
3. **Upload necessary documents** (admission letter, ID, guarantor details)
4. **Submit before July 31**
Late submissions will **not** be considered, so students are encouraged to apply immediately to avoid last-minute technical issues.
Why Apply Now?
With rising education costs, many students struggle to afford tuition fees, leading to delayed graduations or dropouts. The No Fees Stress loan provides a lifeline, ensuring that financial difficulties do not derail academic dreams.
The SLTF has emphasized that **no extensions** will be granted after the July 31 deadline. Students who miss this opportunity will have to wait for the next application cycle, which may not reopen soon.
Repayment Terms
Beneficiaries begin repayment **two years after completing their studies**, with flexible payment plans tailored to their income levels. This ensures that graduates are not overwhelmed by immediate financial obligations while seeking employment.
Final Call to Action
The SLTF’s No Fees Stress initiative is a game-changer for Ghanaian students, but time is running out. Prospective applicants should **act now** to secure their loans before the July 31 cutoff.
For assistance, students can contact the SLTF via:
- **Phone**: 0302-996261
- **Email**: info@studentloan.gov.gh
Don’t let financial stress stop your education—apply today and invest in your future!
Deadline: July 31, 2024.
No late applications will be accepted.