student loan trust fundstudent loan trust fund

Overview of Ghana’s Student Loan Trust Fund (SLTF)

The Student Loan Trust Fund (SLTF) in Ghana provides subsidized loans to tertiary students in accredited institutions to make tertiary education accessible and affordable. Established in 2005, the SLTF aims to offer financial aid on equal basis to all eligible students.

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Tertiary education is crucial for Ghana’s socio-economic development. However, the cost of tertiary education has been rising steadily, making it challenging for many Ghanaians to afford. To bridge this gap, the Government of Ghana established the Students Loan Trust Fund (SLTF) in 2005 through an Act of Parliament (Act 820).

The SLTF provides loans to eligible tertiary students in accredited institutions at subsidized interest rates. The fund aims to make tertiary education accessible and unleash greater prospects for students. This article provides an overview of Ghana’s SLTF – its vision, mission, eligibility criteria, application process, repayment terms, and contact information.

Vision and Mission

The SLTF’s vision is “to inspire and unleash greater prospects.” Its mission is “to provide timely financial services to eligible Ghanaian tertiary students.”

Eligibility Criteria

The following are the key requirements to be eligible for a student loan from the SLTF:

  • Be a Ghanaian citizen
  • Gain admission to pursue an accredited tertiary program at an accredited institution
  • Be enrolled as a full-time student
  • Have good academic standing
  • Meet the minimum cumulative GPA requirement

Application Process

Eligible students can apply for the student loan through the SLTF student loan application online portal. Key steps include:

  1. Create an account and profile on the portal using Ghana Card or SSNIT number
  2. Fill out the loan application form online
  3. Upload required supporting documents
  4. Submit the application and await approval

Table 1: Key Dates for SLTF Student Loan Application

2022/2023 Application PeriodClosed
Notification for 2023/2024 ApplicationsTo be announced

The SLTF does not charge any fee for loan applications. Applicants are advised to only deal with SLTF officials directly and not make payments to any external parties.

Loan Disbursement

Once approved, the loan amount is disbursed in two installments directly to the applicant or accredited institution.

Loan Repayment

The repayment period is one year of mandatory national service and five years of gainful employment. The interest rate is 10% on reducing balance. Grace period for repayment is one year after completion of national service.

Borrowers have various repayment options including:

  • Walking into SLTF head office
  • SLTF approved channels
  • Partner banks

Penalties for Default

The SLTF initiates legal proceedings against employers who fail to deduct loan repayment from salaries of employed borrowers. It has also published names of defaulting borrowers.

Contact Information



Phone: 0302751020

WhatsApp: +233(0)504021579

The SLTF has zonal offices in Ghana that can be contacted directly. Details are on their website.


The SLTF plays a pivotal role in making tertiary education accessible for Ghanaians through subsidized loans. Students can apply for loans through the user-friendly online portal. Transparent processes and funding options make SLTF an enabling partner. As the SLTF streamlines its operations further leveraging technology, more students can unlock their prospects through tertiary education.

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