Govt whets the appetite of students in another promise
The Vice President, Dr Mahamadu Bawumia has assured tertiary students that there will be no hustle for them in securing a loan when the New Patriotic Party (NPP) retains its seat.
According to him, the government had factored the needs of students and would allow all tertiary students to secure loans without a guarantor and stressed the need for Ghanaians to give them another four years to do more.
Speaking at the NPP manifesto launch for the 2020 elections in Cape Coast on Saturday, Dr Bawumia explained that the beneficiaries would only need their Ghana Card to apply for loans to fund their education.
“All tertiary students except Teacher and Nursing trainees who will be on allowances will now be able to get the option to contain a student loan without the requirement of a guarantor,” he assured.
Dr Bawumia indicated that many students had been unable to gain loans due to the unwillingness of guarantors risking their pension to vouch for the students who apply for the loans hence the need to take that requirement off.
He explained that the repayment of the loans would be extended beyond their completion of school.
“Once you complete the tertiary education, repayment will be deferred till after your National Service where you will be given one year to pay up,” Dr Bawumia stated.
He further indicated that the move would aid in building the human capital of the country, adding that “people will be able to afford tertiary education.”
The Student Loans Trust Fund (SLTF) was set up by government to give loans to Ghanaian tertiary students who are pursuing programmes in accredited tertiary institutions.
Recently, the Fund published the list of defaulters and declared July 2020 Repayment Awareness Month and is undertaking various activities nationwide.
BY JOYCELINE NATALLY CUDJOE