The management of Student’s Loan Trust Fund has announced the payment of teacher trainees allowance arrears.
The Students Loan Trust Fund (SLTF) announces the successful disbursement of outstanding teacher trainee allowances for the 2023/2024 academic year to a total of 65,685 students across 46 Public Colleges of Education in Ghana.
The arrears, which cover a three-month period, have now been fully settled. The payment is in consonance with the fund’s
mandate to facilitate access to financing support for tertiary education students in Ghana.
It also aligns with the government’s
reset agenda which includes deliberate and intentional efforts to strengthen support systems within the education sector and
uninterrupted academic progression for our future ensure leaders.
The SLTF remains steadfast in our commitment to ensuring timely, transparent, and efficient financial support services
delivery for the benefit of students.
Robust measures are being implemented to guarantee the consistency, reliability, and
seamless execution of all future disbursements in full alignment with established policy directives.
What is the Student Loan Trust Fund (SLTF)?
The SLTF is a government-backed initiative under the Ministry of Education, tasked with providing financial support to tertiary students across Ghana.
Initially serving only university and polytechnic students, the SLTF has now been extended to teacher trainees, replacing the direct cash allowances previously received.
How Does the Payment Through SLTF Work?
The SLTF doesn’t offer “free money” as the old allowance model did. Here’s how it works under the new framework:
Step 1: Application
Trainees must apply through the official SLTF portal with valid credentials including:
- Admission letter
- Student ID
- Ghana Card
- E-zwich card
Step 2: Verification
SLTF verifies applicant information with the trainee’s institution.
Step 3: Disbursement
Once verified, the funds are transferred directly into the trainee’s E-zwich account.
Eligibility Criteria for Teacher Trainees Allowance via SLTF
To qualify for the allowance under the SLTF model, trainees must:
- Be enrolled in a public College of Education
- Be a Ghanaian citizen
- Have a valid E-zwich card
- Not be a beneficiary of other scholarships
How to Apply for Student Loan Through SLTF
Here is how to apply for students Loan from Student’s Loan Trust Fund as a non- public College of Education student.
1. Visit the SLTF Portal: http://www.sltf.gov.gh
2. Create an Account: Use your Ghana Card and student ID
3. Complete Application Form: Provide personal, academic, and bank details
4. Upload Supporting Documents
5. Submit and Wait for Verification
6. Track Your Application Online
Applications typically open every academic semester
Source : Honestynewsgh.com
