Empowering Ghanaian Students: A Closer Look at the Student Loan Trust Fund (SLTF)

Education is the cornerstone of progress and development for any nation, and Ghana is no exception.

Recognizing the pivotal role education plays in shaping the future, the Ghanaian government took a bold step by establishing the Student Loan Trust Fund (SLTF). Designed to alleviate the financial burden of higher education and foster equal access to quality education, the SLTF has become a game-changer for countless Ghanaian students pursuing their dreams.

In this blog post, we will delve into the workings of the Student Loan Trust Fund, exploring its purpose, impact, and transformative opportunities it offers to students across Ghana. Whether you are a student seeking financial assistance, an advocate for educational equality, or simply curious about Ghana\’s progressive approach to higher education funding, this comprehensive guide will provide valuable insights into the inner workings of this remarkable institution.

Join us as we unravel the layers of the Student Loan Trust Fund, shedding light on its significance in bridging the financial gap and empowering Ghanaian students to unlock their full potential. From its inception to its current state, we will navigate through the fund\’s mechanisms, its eligibility criteria, and the repayment system that ensures its sustainability.

Through the Student Loan Trust Fund, Ghana has embarked on a transformative journey, redefining access to education and nurturing a generation of skilled professionals poised to contribute to the nation\’s growth. So, let us embark on this enlightening exploration, discovering the remarkable impact of the Student Loan Trust Fund on the lives of Ghanaian students and the nation as a whole.

What is the Student Loan Trust Fund (SLTF)?

The Student Loan Trust Fund (SLTF) is a financial institution established by the Ghanaian government with the primary objective of providing financial assistance to students pursuing higher education. Its inception in 2005 was driven by the need to make tertiary education more accessible and affordable for Ghanaian students, especially those from disadvantaged backgrounds.

The SLTF operates as a revolving fund, where loans are granted to eligible students to cover various educational expenses, including tuition fees, accommodation, books, and other related costs. These loans are disbursed to both public and private tertiary institutions across Ghana.

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One of the key features of the SLTF is its focus on ensuring equitable access to educational opportunities. It aims to bridge the financial gap that often hinders talented students from pursuing higher education due to financial constraints. By providing loans on favorable terms, the SLTF enables students to concentrate on their studies and alleviates the burden of immediate financial obligations.

The loans provided by the SLTF are repayable, and beneficiaries are expected to start repayment after a grace period, usually one year, upon completion of their studies. The funds repaid by borrowers are then recycled into the system to provide loans for future students, creating a sustainable cycle of support for generations to come.

The SLTF has significantly contributed to increasing the enrollment of Ghanaian students in tertiary education, fostering educational attainment, and equipping individuals with the necessary skills to contribute to the country\’s socio-economic development. It stands as a testament to Ghana\’s commitment to promoting equal access to education and empowering its youth to realize their full potential.

How much can you borrow from the SLTF?

The maximum amount of loan you can borrow from the Students Loan Trust Fund (SLTF) is GH¢3,000. However, the actual amount you will be able to borrow will depend on your needs assessment. The SLTF will consider your financial situation, your family\’s income, and the cost of your education when making a decision about how much to lend you.

What are the interest rates on SLTF loans?

The interest rate on SLTF loans is currently 12%. This rate is fixed and will not change during the life of the loan. However, the interest rate is subject to review by the SLTF Board of Directors.

Kindly note that no fees are charged by the SLTF for processing loan applications, so therefore, applications are advised to only real with officials of the Fund to avoid falling scam victim.

What are the repayment terms for SLTF loans?

The repayment terms for SLTF loans are as follows:

  • Grace period: There is a one-year grace period after you graduate or leave your studies. During this time, you do not have to make any payments on your loan.
  • Repayment period: After the grace period, you have 10 years to repay your loan. You can make monthly payments or a lump-sum payment.
  • Interest rate: The interest rate on SLTF loans is 12%. This rate is fixed and will not change during the life of the loan.
  • Repayment can be made in monthly installments
  • Repayment can be made through direct debit from your bank account
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How to check my student loan balance in Ghana

There are a few ways to check your student loan balance in Ghana.

  • Online: You can check your balance online by logging into your Students Loan Trust Fund dashboard. To do this, you will need your Social Security Number and your password. You can create an account if you do not already have one.
  • By phone: You can also check your balance by phone by calling the SLTF customer service line with the information on the contact page.
  • By mail: You can also request a statement by mail by writing to the SLTF at the following address: info@sltf.gov.gh.

Eligibility Requirements

To be eligible for a student loan from the Student Loan Trust Fund (SLTF) in Ghana, applicants must meet certain criteria. As of my knowledge cutoff in September 2021, the eligibility requirements include:

  • Ghanaian Citizenship: Applicants must be citizens of Ghana.
  • Admission to Accredited Tertiary Institution: The applicant must have gained admission to an accredited tertiary institution in Ghana. This includes universities, polytechnics, and other recognized higher education institutions.
  • Pursuing a Diploma or First Degree: The loan is typically available to students pursuing a diploma or a first-degree program at the tertiary level.
  • Valid Ghana Card Number: Applicants should possess a valid Ghana Card, which is the national identification card issued by the National Identification Authority (NIA) in Ghana. The Ghana Card number is typically required as part of the loan application process.
  • Active Registered Mobile Phone Number: Applicants must have an active and registered mobile phone number, as communication and updates regarding the loan are often sent via SMS.
  • Valid Email Address: A valid email address is also required for communication purposes. Applicants should have access to an email account that they regularly use.
  • Student ID Card or Admission Letter: The SLTF may require applicants to provide a student identification card or an admission letter from the tertiary institution they have been admitted to as proof of enrollment.
  • E-zwich Card: The SLTF may require applicants to have an E-zwich card, which is an electronic payment card issued by the Ghana Interbank Payment and Settlement Systems Limited (GhIPSS). This card facilitates loan disbursement and repayment processes.
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How to Apply for an SLTF Loan

To apply for a loan from the Student Loan Trust Fund (SLTF) in Ghana, you can follow these general steps:

  • Visit the official website of the Student Loan Trust Fund (SLTF) in Ghana.
  • Click on \”Create Account\”
  • Read the \”LEGAL & NOTICE\” and click on \”AGREE\” if you accept it. If you don\’t, I\’m sorry you might not be able to proceed
  • Enter your \”NAMES\” and \”DATE OF BIRTH\” and click on \”NEXT\”
  • Enter Account Information (email, phone number, and student identification number)
  • Provide all necessary and pertinent supporting documents as requested
  • Review and verify the accuracy of your application details
  • Download and upload any required agreement documents specified in the application.
  • Visit the nearest zonal or campus offices to complete your application by providing your biometric fingerprint.


In conclusion, the Student Loan Trust Fund (SLTF) in Ghana has emerged as a crucial financial institution, transforming the landscape of higher education in the country. By providing loans to eligible Ghanaian students, the SLTF has played a significant role in making tertiary education more accessible and affordable, empowering students to pursue their academic dreams.

Through its revolving fund model, the SLTF ensures that loans are continuously disbursed, creating a sustainable cycle of support for future generations. By offering favorable interest rates and repayment terms, the SLTF eases the financial burden on students and allows them to focus on their studies without worrying excessively about immediate financial obligations.

The SLTF\’s impact goes beyond individual students; it contributes to the development of a skilled workforce, which is vital for Ghana\’s overall socio-economic progress. By investing in education and providing opportunities for students from diverse backgrounds, the SLTF promotes equal access to quality education and helps bridge the educational divide in the country.

However, it is important to continually review and assess the effectiveness of the SLTF to ensure that it aligns with evolving educational needs and addresses any challenges or gaps that may arise. Regular evaluations, stakeholder engagement, and collaboration with tertiary institutions can help refine the program and maximize its impact on students and the nation as a whole.

As Ghana moves forward, the SLTF stands as a beacon of hope and opportunity, empowering students to unlock their potential and contribute to the nation\’s growth and development. By nurturing the dreams of Ghanaian students, the SLTF paves the way for a brighter future, where education is a catalyst for positive change and social mobility.

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