Students Loan Trust Fund to educate public on repayment measures

The management of Student Loan Trust Fund (SLTF), the agency responsible for the disbursement of soft loans to tertiary students will by next week take its operations to the doorsteps of the public, as part of measures to give education on the need for the repayment of loans made available to students by the fund.

Below is the full statement signed by George Fergusson, Head of Public Relations at STLF released in Accra

“SLTF at your doorstep" campaign takes off

The Students Loan Trust Fund (SLTF) has begun a public sensitization campaign dubbed “SLTF at your doorstep”. The campaign which will take place for the next four weeks involves an intensive nationwide public education drive, aimed at sensitizing beneficiaries on the importance of repaying their student loans for the sustainability of the Fund.

The public will also be educated on the various options that are available to facilitate convenient repayment of loans.

During the campaign, the SLTF will be engaging with key stakeholders including employers who are by law obliged to deduct loan payments from employee salaries on behalf of the Fund.

According to the Head of Public Relations at the Fund, plans are underway to prosecute some long-standing defaulters of the Fund.

“This year’s public education campaign comes at a difficult time when there have been delays in the allocation of funds to the SLTF from Government for disbursement to students. We have however been able to pay some students with monies received from borrowers” he said.

He appealed to beneficiaries of the Fund to live up to their moral and legal obligations and repay their loans to create the opportunity for a new generation of Ghanaians to access tertiary education.

The Fund currently disburses loans to over thirty-five thousand students in 105 tertiary institutions across the country.