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29.10.2019 General News

Students Loan Want Seed Money For 2020/2021 Academic Year

By News Desk
Mr Kobby Asmah (right), the Editor of the Daily Graphic explaining a point to Nana Kwaku Agyei Yeboah after the meeting.
OCT 29, 2019 GENERAL NEWS
Mr Kobby Asmah (right), the Editor of the Daily Graphic explaining a point to Nana Kwaku Agyei Yeboah after the meeting.

The Students Loan Trust Fund (SLTF) wants the government to give it seed money as part of strategies to prepare itself to meet the financial needs of the avalanche of students expected to gain admission to the various tertiary institutions in the 2020/2021 academic year.

The Chief Executive Officer (CEO) of the fund, Nana Kwaku Agyei Yeboah, said per the trust’s projections, there would be an upsurge of students accessing the loan in the 2020/2021 academic year, following the completion of the beneficiaries of the first batch of the Free Senior High School programme.

He explained that because the programme had increased enrolment in the SHSs and many of the students were from poor homes, it would be difficult for many of the beneficiaries to further their education without financial support, hence the need to build a robust loan scheme to cater for such students.

Courtesy call
The CEO of the fund made this known when he paid a courtesy call on the Editor of the Daily Graphic, Mr Kobby Asmah, and a team of editorial staff in Accra yesterday.

The Daily Graphic team included a Deputy News Editor, Mr Kwame Asare Boadu, and the Deputy Editor of Graphic Online, Mr Enoch Darfah-Frimpong.

Mr Yeboah was accompanied by the Head of Public Relations at the SLTF, Mr George Ferguson Laing, and the Head of Recovery, Mr Justice Wiafe Sarkodie.

The visit was to solicit the support of the Graphic Communications Group Limited (GCGL), particularly the Daily Graphic, to help the fund to build a robust loan scheme by way of sensitising and educating the public on the fund to enable many more Ghanaian students to access the facility.

Beneficiaries
Nana Yeboah noted that a total of 35,000 undergraduate tertiary students accessed loans from the fund annually, representing 10 per cent of the total number of undergraduate students in the various tertiary institutions in the country.

He said the fund needed about GH¢200 million for the 2020/2021 academic year, explaining that the Act.

---graphic.com.gh

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