A delay by the Students Loan Trust Fund to disburse money to qualified applicants for the 2020/2021 academic year has forced some students to defer their programmes.
This is according to the National Union of Ghana Students (NUGS)
President of the Union, Isaac Jay Hyde, says that some others have resorted to various means of securing their academic fees because of the delay from the Trust Fund.
Isaac Hyde says that the perennial delay in loan disbursement can be resolved if the management of the Fund could be more proactive.
He wants the management of the Fund to also develop other means of generating funds so that it does not always get affected when the government faces challenges.
“The situation for SLTF is that it does not generate funds. SLTF relies on the Government and that takes us into the sources of financing the student’s loan. It comes from the maximum 10% of funds allocated to the Ghana Educational Trust funds. What it means is that, if at any point in time the Government has financial challenges, it begins to affect money allocated to secretariat,” he said on Campus Exclusive.
Isaac Hyde has called for calm among asked beneficiaries, saying that efforts are being made to ensure that loans are disbursed.
He mentioned that a meeting has been held with the Education Ministry over the matter.