Student Loan Trust Fund

Student Loan Trust Fund

Student Loan Trust Fund ; See How To Download And Apply For 2022/2023 Student Loan Trust Fund Here….

Student Loan Trust Fund History

The Students Loan Trust Fund (SLTF) was established in December 2005 under the Trustee Incorporation Act 1962, Act 820.

The objectives of the Trust Fund are to provide financial resources for the sound management of the Trust for the benefit of students and to help promote and facilitate the national ideals enshrined in Article 28 and 38 of the 1992 Constitution.

For the purpose of achieving the objectives of the Trust Fund, monies from the Trust Fund shall be applied to the relevant activities that the Trustees of the Fund may determine, including, in particular
a. The provision of facilities to enhance the tertiary education to support students.
b. The provision of moneys to support any other activities and programmes for the promotion of relevant courses as determined by the Trustees, in consultation with the Minister.

The Students Loans Trust Fund is governed by a Board of Trustees that comprises of distinguished individuals of relevant backgrounds relevant to the business of SLTF. The members of the board are appointed by the President of the Republic. The day – to – day administration of the SLTF is headed by CEO, assisted by a team of dedicated professionals. The SLTF also has Campus offices in major institutions. The functions of these offices include:
a. Provide first stop for student inquiries.
b. Pickup and drop off points for Loan Application forms.
c.  Loan Application verification for completeness of forms.
d. Liaise between the SLTF and the loan applicants.
e. Disseminate information to students in a timely manner.

The sources of loanable funds for SLTF include:
a. Monies paid into the Trust Fund representing up to ten percent of all the inflows into the Ghana Education Trust Fund.
b. Voluntary contributions which will be tax deductible.
c. Mobilization of resources from Ghana’s international partners interested in the advancement of tertiary education.
d. Contributions from the corporate sector that shall be tax deductible up to the equivalent of 0.5% of the company’s actual profit before tax.
e. Loans from Social Security and National Insurance Trust.

Student Loan Trust Fund Management Profile

Frequently Asked Questions AboutStudent Loan Trust Fund

These Frequently Asked Questions (FAQs) have been designed to help you better understand the Students Loan Trust Fund and its mission. They provide detailed information about the fund, eligibility and application requirements, loan disbursement, repayment and recoveries. They also help you understand the Students Loan Protection Scheme. (SLPS).

Please find below listed categories of the most frequently asked questions:

  1. About the Students Loan Trust Fund (SLTF)
  2. Qualification and Eligibility
  3. Guarantors and Guarantor ship
  4. Application
  5. Disbursement
  6. Repayment and Recovery
  7. Terms and Conditions ( “Please refer to section 5 of the Students Loan Agreement Form page attached to the Loan Application Form )
  8. About the Students Loan Protection Scheme (SLPS)

Student Loan Trust Fund Careers

Student Loan Trust Fund Data Privacy Policy

Student Loan Trust Fund Loan Process

Student Loan Trust Fund Disbursements

Student Loan Trust Fund Students Amendment Portal

Student Loan Trust Fund Qualification Requirements

Student Loan Trust Fund Requirements of a Guarantor

Student Loan Trust Fund Application Requirements

Student Loan Trust Fund Loan Repayment

Interest Rate
In other to maintain the value of the money and preserve the Fund for posterity, interest is charged on the loan at a highly subsided rate. Inflation is an important factor in determining the interest rate.

The following schedule of interest rate shall be charged on the loan:

MORATORIUMREPAYMENT PERIOD
STUDYPERIODNATIONAL SERVICE PERIOD1-YEAR GRACE PERIODREPAYMENTPERIOD
*GOG182 dayT-bill rate*GOG182 dayT-bill rate*GOG182 day T-bill rate*GOG182 dayT-bill rate + 2%

* GOG – Government of Ghana.
# Maximum rate applied will be 12% until reviewed. In effect where the T-bill rate goes beyond 12% the SLTF shall fix the rate at 12%.

Loan Repayment Period

*Number of Loans takenNational Service Period (Yrs)Grace Period (Yrs)Repayment Period (Yrs)
1122
2114
3116
4118
51110
61N/A10
71N/A10

* The total loan received in an academic year is considered as one loan taken

It is in the interest of applicants to pay off their loan sooner than the repayment period given, in order to reduce the interest charges.
Students loan repayment made easy. Please contact our partner banks with your Social Security number to make payments:

A. GHANA COMMERCIAL BANK: SMART PAY
B. NATIONAL INVESTMENT BANK: SPECIAL SLTF PAY IN SLIP
C. ECOBANK GHANA: BANK – COLLECT

Borrowers can walk in to the head office of the SLTF to make payment at no. 47, 3rd Crescent Avenue Asylum Down, near Highgate Hotel.

Borrowers can now make their Students Loan payment by any of the following modes/platforms quoting clearly your Social Security Number (SSN):

  1. MOBILE MONEY: by dialing Short code *737*206# => follow prompts to make payment
  2. MYGHPAY: by visiting the website: www.myghpay.com or download the myghpay app on Google Play Store
    =>Register/login => click on SLTF Logo => follow onscreen prompts to make payment with either your Visa, MasterCard (OR) Mobile Money
  3. GT COLLECT: Make payment at ANY GT Bank branch across the country, using customised pay-in slip.

Student Loan Trust Fund Mode Of Repayment

Student Loan Trust Fund Loan Contact Details

Zonal Offices

Campus Offices