The Student Loan Trust Fund on Tuesday released a total of eleven Ghc11.2 million as loans to some students in tertiary institutions in the country.
A total of 10,000 students from 182 tertiary across the country are to benefit from the
amount which has been released to various
beneficiaries accounts.
This is the second payment being made in
three months after the official launching of
the “No Gurantor Loan Policy’ launched in
June this year in Kumasi.
The Chicf Executive Officer (CEO) of
SLTF, Nana Kwaku Agyei Yeboah, who
disclosed this on Tuesday said the amount is the second batch of releases to the No Guarantor applicants.
The CEO said the release follows the completion of the latest applications received by the SLTF after the release of the first batch of payments of GHc12 million to applicants in July.
He commended the President, Nana Addo
Dankwa Akufo-Addo, for introducing the
No Guarantor Policy’ which has eased the
burden of many students who could not get
poople to guarantee their loan application
forms in the past.
Again the CEO commended the govemment for releasing the needed funds towards
the payment to ensure that the students have the required funds to support their education.
The Chief Executive Officer pledged to
continue working very hard to ensure that all
applicants would be paid the required amount when necessary to ease their burden at school.
Nana Agyei Yeboah appealed to beneficiaries of the scheme to ensure that they voluntarily pay back their loans to ensure that the government gets enough funds at all times to run the scheme for the benefit of others.
He indicated that every effort was being
made to ensure that no students were denied education due to lack of funding.
The CEO appealed to those who have
not yet applied to the scheme to do so since
they could also benefit from the loan which
was readily available to all quialified students.
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