Expected increase in tertiary education numbers: Students Loan 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.

The Daily Graphic team included a Deputy News Editor, Mr Kwame Asare Boadu, and the Deputy Editor of Graphic Online, Mr Enoch Darfah-Frimpong.

Mr Yeboah was accompanied by the Head of Public Relations at the SLTF, Mr George Ferguson Laing, and the Head of Recovery, Mr Justice Wiafe Sarkodie.

The visit was to solicit the support of the Graphic Communications Group Limited (GCGL), particularly the Daily Graphic, to help the fund to build a robust loan scheme by way of sensitising and educating the public on the fund to enable many more Ghanaian students to access the facility.

Beneficiaries

Nana Yeboah noted that a total of 35,000 undergraduate tertiary students accessed loans from the fund annually, representing 10 per cent of the total number of undergraduate students in the various tertiary institutions in the country.

He said the fund needed about GH¢200 million for the 2020/2021 academic year, explaining that the Act Read Full Story