2 years ago
Students Loan Trust Fund dispenses GH¢12m to no underwriter understudies credit candidates
The Students Loan Trust Fund (SLTF) on Friday delivered a sum of GH¢12 million cedis as credits to understudies in tertiary establishments the nation over.
A sum of 10,000 understudies from 148 tertiary establishments in the nation profited from this delivery which is the primary installment being made after the authority sending off of the "No Guarantor Loan Scheme" on ninth June 2022.
The Chief Executive Officer of SLTF, Nana Kwaku Agyei Yeboah, who unveiled this to the media in Accra on Friday said, the sum covers installment to first-time candidates for the main semester of the year as it were.
First-time candidates from the University of Education, Winneba recorded 1523 as the most noteworthy beneficiaries, trailed by the Kwame Nkrumah University of Science and Technology (KNUST) which had 787, the University of Ghana had 511, with Koforidua Technical University recording 488 understudies and Takoradi Technical University with 371 individually.
He expressed that the most minimal sum got by every understudy gone from GH¢1500 being the least and GH¢3000 as the most noteworthy relying upon the necessities of the understudies after a method testing evaluation by the SLTF before dispensing to the understudies.
Nana Agyei Yeboah said the installment would go far to facilitate the weight of understudies as they proceed with their schooling on different grounds the nation over.
The CEO made sense of that all proceeding with understudies who are recipients of the Students Loan Scheme in the nation were paid in March this year.
He expressed that all that could be within reach would be finished to guarantee that installment of assets to understudies would be made fortuitously to the recipients to guarantee that the understudies don't have difficulties with subsidizing.
Nana Agyei Yeboah engaged recipients of the plan to guarantee that they willfully take care of their credits to guarantee that the public authority gets an adequate number of assets consistently to run the plan to help others.
The CEO said the main individuals who have so far not been paid were the people who have applied however have not finished the accommodation of the necessary data to the plan and asked them to speed up activity in the fruition of their documentation and take their biometrics so they could be paid.
He spoke to the individuals who have not yet applied to the plan to do as such since they could likewise profit from the advance which was promptly accessible to all certified understudies independent of political, social, strict and ethnic direction.
Foundation
The hardships engaged with getting individuals to ensure for understudies credits candidates used to be a significant test to numerous understudies in tertiary organizations in the country.
This incited the Nana Addo Dankwa Akufo-Addo-drove government to acquaint the No Guarantor plot with guarantee that tertiary understudies can tie down credits to help their schooling easily.
Numerous Ghanaians have recognized the public authority for the effective carrying out of the no underwriter plot which had achieved a lot of help to understudies, guardians and the foundations of study.
To guarantee that recipients accepted their assets absent a lot of difficulties, they are expected to have E-zwich cards (a smartcard gave by the Ghana Interbank Payment and Settlement System Limited (GhIPSS) for simple installment.
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