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SLTF raises student loans by 50% and cuts interest rates
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SLTF raises student loans by 50% and cuts interest rates
The Students Loan Trust Fund (SLTF) has announced a 50 percent increase in loan amounts for regular students, as part of sweeping reforms to make tertiary education more affordable and accessible. With the adjustment, loan amounts will now range from GH¢2,250 to GH¢4,500 per academic year, up from the previous GH¢1,500 to GH¢3,000. The SLTF has also cut interest rates from 12 percent annual compound interest to six percent simple interest, appli…
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