The management of the Student Loan Trust Fund (SLTF) says GH¢1 million had been paid to the Kwame Nkrumah University of Science and Technology (KNUST) for deferred students over their inability to settle academic user fees.
In an interview with the Daily Graphic newspaper, the Chief Executive Officer of the Fund, Nana Kwaku Agyei Yeboah said his outfit had paid the fees of 500 students who were among 6,000 students who had their courses deferred.
“As of Friday, May 13, 2022, the SLTF had paid GH¢1 million to the KNUST after the students signed an undertaking for the trust fund to pay on their behalf. The money is for their first and second semester fees,” he told the newspaper.
The 500 prospective students according to the Student Loan Trust Fund CEO were among some 2,188 students of the Kumas-based Science and Technology University (KNUST) who applied and were verified by the SLTF for the loans.
They went further to give their consent by signing an undertaking with the Trust Fund for it to pay the fees on their behalf. We hope that more of them would sign the undertaking for their fees to be paid,” Mr Agyei Yeboah noted.
The payment of the academic user fees of the students comes after the Minister for Education, Honourable Dr Yaw Osei Adutwum asked deferred courses KNUST students to visit the Student Loan Trust Fund (SLTF) for support.
Osei Yaw at a meeting with the management of the Kwame Nkrumah University of Science and Technology (KNUST) said the policy to enable tertiary students to acquire loans with no guarantor has been passed into law by Nana Addo.
“The good news is that Nana Addo gave the approval for what is called the ‘no guarantor policy’ which is now the law of the land, which means students can apply for loans to be given the money without a guarantor,” Adutwum stated.
The Member of Parliament for Bosomtwe Constituency at the meeting said the management of the Students’ Loan Trust Fund (SLTF) will effectively engage prospective students who may need financial support to pay for their fees.