Students Loan Trust Fund signs MoU to enhance welfare of Ghanaian students

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• Akomeah 3 months ago

  It a very good for this partnership for the enhancement of technology and supporting Tertiary education..
  But the interest is too, instead it should be simple interest rather than compound interest, I thought I was designed ...
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  It a very good for this partnership for the enhancement of technology and supporting Tertiary education..
  But the interest is too, instead it should be simple interest rather than compound interest, I thought I was designed to support the poor who wants to educate themselves, but the interest becomes hell...

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• Mariam 3 months ago

  The Student Loan Trust Fund is a lifeline for many of us, but the interest rate structure is becoming a heavy burden. With the 182-day T-Bill rate compounded annually during studies and national service, and then T-Bill +2% ...
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  The Student Loan Trust Fund is a lifeline for many of us, but the interest rate structure is becoming a heavy burden. With the 182-day T-Bill rate compounded annually during studies and national service, and then T-Bill +2% compounded semi-annually during repayment, many graduates end up owing far more than they borrowed. The truth is, a lot of beneficiaries remain unemployed for two years or more after school, yet the debt keeps growing. Most students also do not fully understand the financial trap they are entering. If this continues, it could create a generation of indebted graduates facing hopelessness and financial stress. For the sake of Ghana’s future, the interest rate model must be reviewed before it causes greater harm to our youth and the nation as a whole.

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