Students Loan Trust Requests Seed Money From Govt.

The Students Loan Trust Fund (SLTF) wants the government to give it seed money as part of strategies to prepare itself to meet the financial needs of the avalanche of students expected to gain admission to the various tertiary institutions in the 2020/2021 academic year.

The Chief Executive Officer (CEO) of the fund, Nana Kwaku Agyei Yeboah, said per the trust’s projections, there would be an upsurge of students accessing the loan in the 2020/2021 academic year, following the completion of the beneficiaries of the first batch of the Free Senior High School programme.

He explained that because the programme had increased enrolment in the SHSs and many of the students were from poor homes, it would be difficult for many of the beneficiaries to further their education without financial support, hence the need to build a robust loan scheme to cater for such students.