70,000 new applicants to get student loans for the2022/2023 academic year
The Student Loan Trust Fund (SLTF) has announced the opening of applications for the academic year 2022/2023.
College students across the country will be able to access the student loan portal through the association's website or by downloading the student loan application. Targeted applicants
The Chief Executive Officer (CEO) of the Student Loan Trust Fund (SLTF), Nana Kwaku Agyei Yeboah said, "It is expected that over 70,000 new applicants will receive the funds for the 2022/2023 academic year and compared to the 32,744 students who benefited from itlast year because of themeasures put in place to reach thousands of applicants,”
The expected rise is due to the introduction of the 'non-guaranteed scheme' last year,which eased the difficultiesapplicants faced in the past in finding candidates. promisethem before they see each other.
Mr Yeboah, who made the announcement in a press conference in Accra on Friday, said "every effort is being made to ensure that more students have access to loans to support their studies". Planning process
He mentioned promoting public education and increasing the number of access points across the country as some of the measures put in place to attractthe attention of all Ghanaians tothe work of the Trust across the country. Nana Agyei Yeboah said "there are currently 32,744 student loan recipients in 110 secondary schools across the country. In the last academic year, SLTF gave 32,744 studentsGh64,645,575.00 in loans. SLTF President Nana Kwaku Agyei Yeboah urged students to take advantage of the new policy to secure funding for their higher education. Background
The government, through the SLTF, launched the "No Credit Policy" in June 2022 with the sole aim of reducing the difficulties that applicants facein obtaining loans to support their studies in educational institutions.
With the introduction of this policy, student loan applicants no longer need guarantors to secure the loan. It is expected that removing this requirement will increase the number of students who can receive the money.
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