The Students Loan Trust Fund (SLTF) was established in December 2005 under the Trustee Incorporation Act 1962, Act 106.
Objective
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 25 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:
Provide first stop for student inquiries.
Pickup and drop off points for Loan Application forms.
Loan Application verification for completeness of forms.
Liaise between the SLTF and the loan applicants.
Disseminate information to students in a timely manner.
The sources of loanable funds for SLTF include:
Monies paid into the Trust Fund represent up to ten percent of all the inflows into the Ghana Education Trust Fund.
Voluntary contributions which will be tax-deductible.
Mobilization of resources from Ghana’s international partners interested in the advancement of tertiary education.
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.
Loans from Social Security and National Insurance Trust.
REQUIREMENTS
In other to apply for a loan at SLTF you must have the following requirements;
You must be a Ghanaian.
You must have been offered admission to study an accredited tertiary programme in Ghana.
You must be pursuing tertiary programme such as a diploma or 1st degree.
You must have a valid Ghana Card Number (can be acquired at designated GRA offices for free)
You must have an active registered Mobile Phone Number
You must have a valid Email Address
You must have a Student ID card or admission letter
You must have an E-zwich Card (can be obtained at any bank)
How To Begin Your Loan Application Process
Create An Account
Click on the Signup button
You may read the legal notice and click on Agree, that is if you agree.
Fill in the required information and click on Next
On user account info. page, tick the box “I agree to terms of service”(ie., if you agree to the terms of service) and click on Create Account button
Once you create your account successfully, you will receive an activation code on your phone number or email. Input the code you received in the textbox and click on Activate Account button
NB:
If for any reason you did not receive your activation code after 24hours, kindly contact the nearest Students Loan office for assistance. Locate Campus Offices Here
Note that any activation code sent to you expires after 48hours.
Also make sure you enter your correct active phone number and email address should be in small letters to receive the activation code.
Activate Your Account
f you are not able to Activate your account;
Click on the Login button on the homepage, then click on Activate Account below the Sign-in form
Enter your Ghana card number/SSNIT number and click on Send Code
Once you receive the activation code enter it into the Verification Code input field and click on Verify button.
After activating your account, you can now Sign in to fill out your student loan application form online.
COMPLETE AN APPLICATION
To complete the whole application process you need to;
Upload all required and relevant supporting documents.
Confirm your application details.
Download and
Upload all Agreement documents requested by the
application.
Take your biometric fingerprint at the nearest zonal or campus offices.
You will be contacted via email when your application is due. That’s all you need to do!
