Student Loan Trust Fund – How To Easily Apply For Student Loan
Education is a vital aspect of a child’s life that helps to shape his or her future. However, as important as a good education is, not everyone can afford it. As a result, the government and other organizations have collaborated to develop initiatives that can provide student loans to those who cannot afford to pay for their education. One of these initiatives is the Student Loan Trust Fund (SLTF), which was established to provide loans to Ghanaian students enrolled in tertiary institutions.
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About Student Loan Trust Fund (SLTF)
STLF was established in December 2005 in accordance with Act 106 of the Trustee Incorporation Act of 1962. This initiative is basically governed by a Board of Trustees, which is made up of distinguished people from various backgrounds. The Trust Fund’s primary goal is to provide financial assistance to students in need. They primarily serve students by providing loans for tertiary education.
The SLTF basically provides loan services to students who want to attend a tertiary institution in Ghana but cannot afford the school fees. This loan will cover your bills for a specific session, and you must repay it when it is due. You have two years before you have to repay the loan that you borrowed.
How To Apply for a Loan from Student Loan Trust Fund
To apply for a loan from the SLTF platform, follow the steps below:
1. First download the app from the App Store or Google Play Store.
2. Next, open the app and create your account by filling out the application form with your basic details.
3. Once you do this successfully, you can apply for a student loan. However, for your loan application to be successful, you must meet some requirements.
Alternatively, you can go to their website, www.sltf.gov.gh, create an account and follow the subsequent instructions you will receive.
Requirements
Before you apply for the loan, remember that you should meet all of these requirements:
1. You must be a citizen of Ghana and an accredited university in Ghana must have offered you admission.
2. Having a valid Ghana Card Number is compulsory. You can get this number at any designated GRA office free of charge.
3. You must be seeking to pursue a tertiary programme, like a 1st degree or diploma. Also, you must have an admission letter or a Student ID card.
4. A valid Email Address, a registered and active phone number, and an E-zwich Card.
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How To Download the Student Loan Trust Fund App
To download the app and borrow a loan with ease, follow the steps below:
1. On your android smartphone, open Google Play Store. However, if your smartphone is an iOS device, open the App Store.
2. Next, search for the “SLTF” app
3. Lastly, download the app and create an account to enable you to apply for a loan with ease.
Conclusion
The Student Loan Trust Fund (SLTF) is simply a platform through which you can borrow money to cover your university expenses. You simply apply for a student loan through their platform and wait for it to be approved. However, in order for the platform to grant you loans, you must meet certain requirements. Simply download their app from the Google Play Store or the App Store on your smartphone to gain easy access to their loan.