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Tag: Student Loan Defaulters

Students Loan Trust Fund names and shames defaulters

Students Loan Trust Fund names and shames defaulters

Ghana News
The Students Loan Trust Fund (SLTF) has published the first batch of the names and details of 30 of its borrowers, who have defaulted in repayment of their loans. The publications in the Daily Graphic were done on May 17 and May 22. The loan amounts in default, range from ¢1500 to ¢11,000. According to the SLTF, the move is in accordance with the Students Loan Trust Fund Act 820, which empowers the SLTF to publish defaulters as one of the necessary steps before prosecution. Management of the Fund has found the move necessary, as a way of meeting a growing demand for loans from tertiary students. The CEO of the Fund, Nana Kwaku Agyei Yeboah, said that the increase in demand is a result of the introduction of the “no guarantor” policy and the higher number of students accessi...

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