The Student Loan Trust Fund (SLTF) is one of the several financial empowerment program created to give loans to Ghanaian students in higher institutions.
If you are a citizen of Ghana and in need of funds to finance your education, you will discover in this post how to apply for this government loan.
Education is a crucial component of a child’s childhood that helps to determine their future. Despite the significance of quality education, not everyone can afford one. As a result, the government and other organizations have collaborated to establish programmes that can grant student loans to people who cannot afford to pay for their education.
In accordance with Act 106, the Trustee Incorporation Act of 1962, STLF was established in December 2005. This programme is governed primarily by a Board of Trustees, which is comprised of notable individuals with significant backgrounds.
The primary purpose of the Trust Fund is to offer financial resources to needy students. Fundamentally, they cater to students by offering loans for their postsecondary education.
In essence, the SLTF offers loan services to students who wish to attend a Ghanaian higher institution but are unable to pay the tuition. This loan will cover your expenses for a certain session, and it must be repaid upon maturity. You have a two-year grace period before the loan you borrowed must be repaid.
Impact and Testimonials
Over the years, the SLTF has significantly impacted the lives of many Ghanaian students. Beneficiaries have shared positive experiences, how the financial support enabled them to focus on their studies without the burden of financial constraints.
For instance, one beneficiary stated, “I am a proud beneficiary of the Students Loan Trust Fund. SLTF provided me the opportunity to be more conscious and responsible for my studies.”
How to apply for Student Loan Trust Fund
The SLTF has streamlined the loan application process to make it accessible and user-friendly. Applicants are required to create an account on the SLTF loan platform, complete the loan application form, and submit the necessary documentation. Once the application is submitted, the SLTF reviews it, and upon approval, disburses the loan to the applicant’s e-zwich account.
Follow the steps below to apply for a loan using the SLTF portal.
First, download Sltf app from the Google Play Store. If you’re using iPhone, search for student loan trust fund on the Apple Store.
Next, launch the application and create an account by filling out the registration form with your basic information.
You may then apply for a student loan after successfully completing this step. However, you must satisfy certain criteria for your loan application to be approved.
Alternately, you can visit SLTF website, www.sltf.gov.gh, register an account, and then follow to the instructions that follow.
SLTF Requirements
Before applying for the loan, you need ensure that you meet all of the following criteria:
1. You must be a citizen of Ghana, and a student of a recognised Ghanaian University.
It is mandatory to possess a valid Ghana Card Number. This number is available at no cost from all authorised GRA offices.
3. You must be pursuing a postgraduate degree or diploma. Also required are a letter of admission or a Student ID card.
4. A valid email address, an active phone number, and an E-zwich Card.
These requirements ensure that financial assistance reaches students who need it most, facilitating their academic pursuits.
SLTF Repayment
Repayment of SLTF loan begins after the completion of the student’s program. The student loan trust fund offers flexible repayment options to accommodate graduates’ varying financial situations.
Borrowers can repay their loans through multiple channels, including mobile money platforms, partner banks, and online payment systems. This flexibility ensures that repayment is convenient and manageable for all borrowers.
SLTF 2025 Disbursement Dates
As of now, the Students Loan Trust Fund (SLTF) has not publicly announced specific disbursement dates for 2025. Historically, the SLTF has released funds at various times throughout the academic year. For instance, in June 2024, the government, through the SLTF, disbursed GHS20 million to support 10,243 students across various tertiary institutions.
To ensure timely receipt of funds, it’s crucial for students to complete their loan applications accurately and submit all required documents promptly. The SLTF advises that properly completed applications with all necessary supporting documents can lead to disbursements within two weeks of submission.
For the most current information on disbursement schedules and related updates, students should regularly visit the SLTF’s official website or contact their campus SLTF office. Staying informed through these channels will help ensure that students receive the latest details regarding loan disbursements.
How to check sltf Balance/Statement
To check your balance with the Students Loan Trust Fund (SLTF) in Ghana, you have several options:
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Online Portal: Visit the SLTF’s official website and access your loan statement using your Social Security Number.
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USSD Service: Dial *737*206# on your mobile phone and follow the prompts to either view your sltf balance or make repayment
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Email: Send an inquiry to info@sltf.gov.gh requesting your loan balance.
Additionally, the SLTF sends annual statements to borrowers’ registered email addresses. Ensure your contact information is up-to-date to receive these notifications.
Sltf contact
The address is Hse # 47,3rd Crescent, Asylum Down, Accra.
The email address is info@sltf.gov.gh.
Telephone: +233 (0)302 231 886 and +233 (0) 302231873
The site is www.sltf.gov.gh.
Conclusion
The Student Loan Trust Fund (SLTF) is a good platform where you can borrow money to pay for your college expenses.
You only need to apply for a student loan via their portal and wait for it to be accepted.
For the platform to grant loans, you must meet certain standards. Simply download their app from the Google Play Store or the App Store to gain convenient access to their loan.
Using this platform, you can acquire a complete loan that is suited to your particular circumstances. Essentially, it enables you to compare loans from several African lenders, ensuring that you don’t miss out on the finest deal.
