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EDUCATION

Students Loan Trust Fund is set to launch “no guarantor” policy

The Students Loan Trust Fund is ready to lunch a new flexible policy called the “No Quarantor Policy”.

This new policy according to the Trust Fund will brushes away the requirement for students loan applicants to produce a quarantor before accessing the loan.

This exciting policy was uncovered by the Minister of Education, Dr. Osei Adutwum at the inauguration of the new board of Trustees for the organisation.

According to the Minister, one of the major obstacles for students to access loan was the need for them to produce a quarantor.

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“As pledged in the NPP 2020 manifesto, students will need only their Ghana Card to access the students loan and this will lead to a high increase in demand for the loan,” he indicated.

“Traditionally, the SLTF has relied on funding from the GETFUND, the communications service tax and recovery of loans from borrowers to execute its mandate. With the increased demand for student loans, the major challenge of this Board will be to explore new funding sources to meet the needs of Ghanaian students. I therefore charge you all to make this your top priority as a board” he said.

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Below are the mwmbers of the Board

Nana Kwaku Agyei Yeboah (SLTF CEO), Cathrine A. Appiah-Pinkrah (Ministry of Education), Desmond Amoah (SSNIT), Richard Koduah (Ghana National Union of Polytechnic Students), Alexis Kwabena Asuinura (GETFUND), Hilda Agyepong Asante (G.T.E.C), Yvonne Asare Yeboa (Ghana Employers Association) and Richmond Ansah Gyambiby (Attorney General’s Office), Nana Akua Ayivor, Dr. John Kwame Boateng, Dorothy Danso and Enoch Hemans Cobbinah.

Source: Honestynewgh.com

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