Student Loan Trust Fund 2020

By | January 10, 2020

Student Loan Trust Fund 2020

Important Notice // 2020 – 2021 Student Loan Trust Fund Application Has Not Yet Started Kindly Visit Page Regularly For Updates

Student Loan Trust Fund

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            Students Loan Trust Fund

                                Providing equal financing to tertiary education

About Student Loan Trust Fund

Mission and Vision


To provide TIMELY financial SERVICES to eligible Ghanaian tertiary students.


Inspiring and unleashing greater prospect.

Student Loan Trust Fund History

The Students Loan Trust Fund (SLTF) was established in December 2005 under the Trustee Incorporation Act 1962, Act 820.

The objectives of the Trust Fund are to provide financial resources for the sound management of the Trust for the benefit of students and to help promote and facilitate the national ideals enshrined in Article 28 and 38 of the 1992 Constitution.

For the purpose of achieving the objectives of the Trust Fund, monies from the Trust Fund shall be applied to the relevant activities that the Trustees of the Fund may determine, including, in particular
a. The provision of facilities to enhance the tertiary education to support students.
b. The provision of moneys to support any other activities and programmes for the promotion of relevant courses as determined by the Trustees, in consultation with the Minister.

Student Loan Trust Fund Management Profile

Frequently Asked Questions AboutStudent Loan Trust Fund

These Frequently Asked Questions (FAQs) have been designed to help you better understand the Students Loan Trust Fund and its mission. They provide detailed information about the fund, eligibility and application requirements, loan disbursement, repayment and recoveries. They also help you understand the Students Loan Protection Scheme. (SLPS).

Please find below listed categories of the most frequently asked questions:

About the Students Loan Trust Fund (SLTF)

Q. What is the Students Loan Trust Fund?


The Students Loan Trust Fund is a public institution established under the Trustee Incorporation Act 1962, Act 106 to provide financial resources for the benefit of students and to promote and facilitate the national ideals as enshrined in Articles 25 and 38 of the 1992 Constitution. It is to replace the SSNIT Students Loan Scheme. The Students Loan Trust Fund Act 2011, Act 820 has been passed by Parliament.

Q. How do I get my complaints addressed and who do I channel my complaints to?


You can forward your complaints to our campus office. You can also send your complaints through the email or call us on 0302231886/7

Qualification and Eligibility

Q. I am a tertiary level student. Do I qualify for a Loan?


You only qualify for a Loan if:

1. You are a Ghanaian
2. You have gained admission to study an accredited tertiary program in an accredited tertiary institution in Ghana.
3. You are pursuing an undergraduate tertiary program such as diploma or degree.

Q. I am pursuing a weekend or sandwich programme. Can I apply for a loan?


Students pursuing weekend and evening programmes are eligible to apply for the loan.
However, the current policy of the SLTF is that sandwich programme students are not eligible to apply for the loan.

Guarantors and Guarantor ship

Q. Do I need a guarantor and who can guarantee for me?


YES. You need a guarantor, who will back up the loan and assist the Trust Fund to trace you when repayment is due.

Guarantor will be required to pay back any outstanding loan due as a last resort, only when you cannot be traced to pay back.

The loan may be guaranteed by one of the following types of guarantors (SSNIT Contributor, Recognized Religious Body, Metropolitan, Municipal and District Assembly or a Corporate Body).

SSNIT contributor

a. Must be a Ghanaian

b. Must be an active contributor to the SSNIT pension scheme

c. Must have contributed to the scheme for at least 36 months or 3 years

d. Must not be more than 53 years old.

e. Must not have guaranteed for more than two (2) people already.

(Parents can however, guarantee for all their children)

Religious Bodies

a. Must be a member of a nationally recognized religious body.

b. Must have been in existence for a minimum of 10 years evidenced by registration certificate from the Registrar General’s Department

c. There must be evidence of the institution’s decision to guarantee student loans (Resolution)

Metropolitan, Municipal and District Assemblies

a. There must be evidence of a Resolution by the Assembly to guarantee students loans.

b. The resolution should indicate 2 authorized signatories.

Corporate Bodies

a. The company must be a member of the Ghana club 100 and/ or a company listed on the Ghana Stock Exchange and must be current.

b. There must be a board resolution authorizing the guarantee.

c. Two (2) signatories are required and should at least be at Senior Management position.

Q. Do I still need a guarantor if I contribute to SSNIT Pension Scheme?


Yes. A student worker who is a SSNIT contributor still needs a guarantor. Guaranteeing is a third party relationship and so you cannot guarantee for yourself.

READ  2020 - 2021 Student Loan Trust Fund Application Entry Requirements

Q. Can two applicants who are SSNIT contributors guarantee for each other?


No you cannot. Cross guaranteeing is not also allowed.


Q. How can I get a loan from SLTF?


You can get the loan by applying to SLTF. To apply follow these easy steps:

Step 1     Log on to the SLTF website

Step 2     Follow link on website and apply for loan (You may save and continue with the application later if you do not complete at one sitting).

Step 3     Follow general instructions in filling out forms online

(Upload a passport picture online)

Step 4     Print out the summary pages of your Loan Application Form

Step 5     Print out and complete the Guarantor Deed and Students Loan

Agreement forms (Complete all forms in BLACK INK and BLOCK LETTERS only)

Step 6     Have your fingerprints (INDEX AND THUMB) and your guarantor’s

THUMB PRINT taken at any SSNIT branch office. You will be assisted by a SSNIT official. (Guarantor thumbprint applies to SSNIT guarantors only).

Step 7     Attach photocopies of the following:

i.        Student ID card and Admission letter.

ii.        SSNIT ID number or SSNIT reference number.

iii.        e-zwich card (both sides).

Step 8     Submit 2 original copies of the duly completed forms and copies of the supporting documents to your respective SLTF Campus Office

Q. When can I apply for a loan?


Online applications are opened at the beginning of each academic year. Specific details would be communicated through your campus office.

Repayment and Recovery

Q. How can I repay my when if I have traveled abroad?


You can either ask a friend or family member to make payment on your behalf or send a money transfer to SLTF and we will receive it and credit your account. (NB. Please call us to check your current balance and exchange rate)

Q. If I do not have a job, would I still be required to start repaying my loan when repayment is due?


Yes. The condition for repayment is not dependant on whether you have a job or not but it is dependent on exhausting the two year grace period.

Q. How do I get my statement?


You can check your statement online ( with your Social Security Number. We will also send you statements through your email, once a year.

Q. How can I repay my Loan?


You can repay your loan through the following options

1.   Cash or Cheque repayment (Outright or by instalment) at SLTF Head Office

2.   Cheque repayment at SLTF Zonal Offices

3.   Mandated monthly deduction from the borrower’s salary by employer.

4.   You can also make payment at any branch of the following partner banks quoting clearly you SOCIAL SECURITY NUMBERS:




Q. Can I start repaying my loan whiles in school?


Yes you can. That way you will reduce the interest charges on your loan.

Q. What happens if I do not complete my course of study for which I took the loan?


You will have to repay the entire amount disbursed to you within one year.

Terms and Conditions ( “Please refer to section 5 of the Students Loan Agreement Form page attached to the Loan Application Form )

About the Students Loan Protection Scheme (SLPS)

Q. What is the SLPS?


The SLPS is the Students Loan Protection Scheme and it is an initiative of the SLTF has instituted to absorb the financial burden on guarantors and families that will result from default in loan repayments caused by death or permanent disability of borrowers.

Q. How much do I pay for protection?


You will be required to contribute 0.5% of your loan to the Students Loan Protection Scheme. This contribution would be in the form of a deduction at source during per each disbursement.

Q. Why do I pay for protection?


This will absorb your guarantor from any liable in case of death or permanent incapacitation.

Download SLPS Claim Form  | Download Guidelines for Writing Permanent Incapacitation Report

Student Loan Trust Fund Careers

Student Loan Trust Fund Data Privacy Policy


The Students Loan Trust Fund, hereafter referred to as ‘SLTF’ is an agency under the Ministry of Education; established in 2005 and operates under SLTF’s Act 2011, of Act 820. Our core mandate is to provide financial resources to needy students pursuing accredited progammes of study at both private and public accredited tertiary institutions as enshrined in Articles 25 and 38 of the 1992 Constitution of Ghana.

This Data Privacy Policy basically specifies some or all of the ways the organization collects, retrieves, alters, uses, stores, manages and disclosespersonal data of borrowers, guarantors, suppliers, business partners, employees and other stakeholders’.

READ  2020 - 2021 Student Loan Trust Fund Online Application

It also spells out what SLTF would or will not do with the information of the above-mentioned persons hereafter referred to as “data subjects”, as well as the guarantee to protect the confidentiality of the personal data of same.
This is to ultimately fulfil a legal requirement to effectively safeguard the personal data rights, otherwise called privacy rights of data subjects as stipulated in the Data Protection Law 2012 (Act 843), of Ghana. In effect, it gives free will to the data subjects to either agree or disagree with SLTF’s corporate principles in relation to the above.

As a loan applicant, borrower, guarantor, supplier or any other stakeholder you consent to the collection, retrieval, use, alterations, transfer, disclosure and any other uses of your information described in this Privacy Policy. Irrespective of where you reside or supply the information from, you authorize SLTF to use your information in all other offices we operate.

By accessing our website, loan application portal, social media pages and any other medium of communication to transact business with us, you are deemed to have read and agreed fully to the terms and conditions hereafter set forth (the “Privacy Policy”). You should read these terms and conditions before using the website or transacting business with SLTF in any way.

If you do not accept in full these terms and conditions in this Privacy Policy, please do not proceed with any loan application process or any other business transactions with SLTF.
You must stop whatever process immediately with SLTF. A data subject has the choice or free will to opt out even in the middle of any transaction if they so desire.

By interacting with us, submitting information to us, or signing up for any products or services offered by us, you agree and consent to the Trust Fund and its staff collecting, using, disclosing and sharing amongst themselves your Personal Data, and disclosing such Personal Data to the Trust Funds’ authorized service providers and relevant third parties in the manner set forth in this Data Privacy Policy.

This Data Privacy Policy supplements but does not supersede nor replaces any other consents which you may have previously provided to us in respect of your Personal Data, and your consents herein are additional to any rights which we may have at law to collect, use or disclose your Personal Data.

This Privacy Policy may be revised from time to time. Periodic, updates will be posted on our website and your transaction with us after such changes have been posted, will constitute your agreement to the modified Privacy Policy and all of the changes.

The purpose of this document (“Data Privacy Policy”) is to inform you of how the Trust Fund manages Personal Data (as defined below) which is subject to the Data Protection Act 2012 (Act 834).

Please take a moment to read this Data Privacy Policy so that you know and understand the purposes for which we collect, use, disclose and secure your Personal Data.

What Types of Personal Data Do We Collect?

In this Data Privacy Policy, “Personal Data” refers to any data about an individual who can be identified (a) from that data; or (b) from that data and other information to which we have or are likely to have access, including data in our records as may be updated from time to time.

Examples of such Personal Data you may provide to us include (depending on the nature of your interaction with us) your name, date of birth, passport photo, Social Security and National Insurance Trust (SSNIT) Number, E-zwich Number, passport or other identification number, gender, marital status, orphanage status, telephone number(s), mailing address, email address(es), residential address, disability information, salary information, bank account details, educational history information, employment history information, household details (such as dependants, assets etc) and any other information relating to any individuals which you have provided us in any forms you may have submitted to us, or via other means of interaction with you.

We may supplement the Personal Information you submit to us with information from third-party sources such as SSNIT, Ghana Interbank Payment and Settlement Systems (GhIPSS), Credit Reference Bureaus, Partner Banks etc to validate some of the personal data you provided as well as debt collection.

The Personal Data we collect can be either obligatory or voluntary. Obligatory Personal Data are those that we require in order to provide you with our products and services.
If you do not provide us with the requisite obligatory Personal Data such as date of birth; email address; Telephone No. etc., we would not be able to provide you with our products and services.
Voluntary (Optional) Personal Data such as middle names are not mandatory in order for us to provide you with our products and services. If you do not provide us with such voluntary Personal Data, you can still sign up for our products and services. Obligatory and Voluntary Personal Data differ for each products and services and will be indicated in the loan application forms.

READ  2020 - 2021 Student Loan Trust Fund Application Forms Download


When you request information or sign up for our products and services, you may be required to provide us with your Personal Data. In doing so, you agree and consent to the Trust Fund and relevant third parties collecting, using, disclosing and/or sharing your Personal Data in accordance with this Data Privacy Policy.

You have the choice, at any time, not to provide your Personal Data or to withdraw your consent to the Trust Fund processing your Personal Data. However, do note that, failure to provide such Personal Data or a withdrawal of your consent for us to process your Personal Data may result in the Trust Fund being unable to provide you with effective and continuous products and services.

If you should withdraw your consent to the processing or handling of your Personal Data in respect of any purpose which we may reasonably consider to be essential in order for us to provide you with the products and/or services requested or applied for, we may not be in a position to continue to provide our products or services to you or administer any contractual relationship which may be in place between us.
Furthermore, we shall be entitled to treat such withdrawal as your termination of any account or agreement which you may have with us, without prejudice to any rights and remedies which we may have at law against you.

Notwithstanding the generality of the foregoing and for avoidance of doubt, upon the termination or expiry of your contractual relationship with us (howsoever caused), we may still continue using or disclosing your personal data as may be necessary, required, authorized or permitted for compliance with applicable law or as may be requested by the relevant regulatory bodies, government agencies, statutory boards, administrative bodies, authorities or law enforcement agencies to comply with any laws, rules, guidelines and regulations or schemes to which we may be subject, whether situated locally or overseas. Read More

Student Loan Trust Fund Loan Process

Student Loan Trust Fund Disbursements

Student Loan Trust Fund Students Amendment Portal

Student Loan Trust Fund Qualification Requirements

Student Loan Trust Fund Requirements of a Guarantor

Student Loan Trust Fund Application Requirements

Student Loan Trust Fund Loan Repayment

Interest Rate
In other to maintain the value of the money and preserve the Fund for posterity, interest is charged on the loan at a highly subsided rate. Inflation is an important factor in determining the interest rate.

The following schedule of interest rate shall be charged on the loan:

*GOG182 dayT-bill rate*GOG182 dayT-bill rate*GOG182 day T-bill rate*GOG182 dayT-bill rate + 2%

* GOG – Government of Ghana.
# Maximum rate applied will be 12% until reviewed. In effect where the T-bill rate goes beyond 12% the SLTF shall fix the rate at 12%.

Loan Repayment Period

*Number of Loans takenNational Service Period (Yrs)Grace Period (Yrs)Repayment Period (Yrs)

* The total loan received in an academic year is considered as one loan taken

It is in the interest of applicants to pay off their loan sooner than the repayment period given, in order to reduce the interest charges.
Students loan repayment made easy. Please contact our partner banks with your Social Security number to make payments:


Borrowers can walk in to the head office of the SLTF to make payment at no. 47, 3rd Crescent Avenue Asylum Down, near Highgate Hotel.

Borrowers can now make their Students Loan payment by any of the following modes/platforms quoting clearly your Social Security Number (SSN):

  1. MOBILE MONEY: by dialing Short code *737*206# => follow prompts to make payment
  2. MYGHPAY: by visiting the website: or download the myghpay app on Google Play Store
    =>Register/login => click on SLTF Logo => follow onscreen prompts to make payment with either your Visa, MasterCard (OR) Mobile Money
  3. GT COLLECT: Make payment at ANY GT Bank branch across the country, using customised pay-in slip.

Student Loan Trust Fund Mode Of Repayment

Student Loan Trust Fund Loan Contact Details

Zonal Office Telephone Numbers
Below are the contact numbers of all our zonal offices in case you need to contact SLTF. The Loan Relationship Officer supervises the activities of the Loan Officers on the various campuses.

ZoneFixed LineCell phone
Accra Poly050-1402577050-1402577
UPSA0302  923928050-1402579
Legon0302  521036050-1402578
Central University College0302  923948020-2097484
Koforidua03420 26985023-4753308 / 0501340515
Ho Poly050-1402580050-1402580
Takoradi Poly03120 26910057-3479593 / 0501340514
Winneba03321 94145020-2097485 / 0501340512
Cape Coast0332  136754050-1340513
Sunyani Poly03520 26676020-2097483 / 0501340518
KNUST03220 64308020-2097482 / 0501340516
Kumasi Poly03220 49824026-4070060 / 0501340517
 Tamale 03720 93363 050-1340519
 03920 21235 054-6369473 / 0501340520
Head Office -Client Service Advisory0302 231886/7026-4043072

ZoneCampus OfficeLocation
Accra PolytechnicAccra PolyFormer Rector’s
UG City CampusSRC Office
AuccMain Admin Block
Zenith CollegeSRC Office
Kumasi PolytechnicKumasi PolytechnicOld Library (Entrepreneurship and Finance Department)
UEW (Mampong)Campus Security Block
UEW (Kumasi)NUGS Office (SRC Block)
Christian Service University CollegeSRC Office (SRC)
Sunyani PolytechnicSunyani PolyAccountancy Department Block D
University of Energy and Natural ResourcesSRC Office (SRC Block)
Catholic University College, FiapreSRC Office
Valley View University, TechimanSRC Office
Methodist University College
KoforiduaKoforidua PolytechnicRoom C108-Ground Floor of the Computer Science Building
All Nations UniversitySky Room 5.3 (BASA & Alumni office)
Presbyterian University College- Abetifi OkwahuCanteen Block at Main Campus
HoHo PolytechnicReading Room/GCB And Zenith Bank Building
KNUSTKNUSTGraduate Students Association of Ghana (GRASAG) Building
Garden City University CollegeSRC Office on the main admin block/A help desk at the main entrance
University of Management StudiesSRC Office
Spiritan UniversitySRC Office
TamaleUDS – NavrongoSavannah Annex
UDS – Tamale CampusICT Block Ground Room 8
UDS – NyankpalaSRC Office Block
Bolgatanga PolytechnicCentral Administration Block Room
Tamale PolytechnicICT Block First Floor Room 9
Central UniversityCentral University (Mataheko)Annex A Frank Roberts, Mataheko – Accra
Central University (Miotso – Prampram)Dean Of Students Office
Advance Business CollegeReception, North Kaneshie
Datalink University CollegeSRC office Tema Com 10
Jayee University CollegeE-resource Centre (Library)
Kings University CollegeRegistry
Meridian University CollegeComputer Lab
Methodist University College, Dansoman2nd Floor, Administration Block
Methodist University College, TemaLibrary
Narh Bita School of NursingAcademic Office, Tema Com 5
Pentecost University College & Maranatha University CollegeSowutuom – Accra
Regent University CollegeAcademic Office, City Campus- Accra
Regional Maritime UniversityRegistry
School of Allied Health SciencesBasic Science Building – Reception, Korle Bu
University College Of Management StudiesIn front of the Cash Office
University Of Ghana Medical SchoolBasic Science Building Reception, Korle Bu
West End University CollegeLibrary
UPSUniversity of Professional StudiesUPSA AB9 Office
Valley View UniversitySRC Office
GTUCRoom 54
Islamic UniversitySRC Office
University of Education-WinnebaUniversity of Education -WinnebaUniversity Hall Annex, North campus
University of Education -WinnebaNUGS office, South campus
Takoradi PolytechnicTakoradi Poly Main Campus.Mechanical Engineering Dept. Room 11
University Of Mines And TechnologyThe SRC Presidents Office, Near The Chamber Of Mines Hall
University of GhanaUniversity of GhanaSRC Office
GIMPAStudents Affairs Office
University of Cape CoastUCCOld Education behind the Assembly block (old site)
Cape Coast PolyAdmin Building
WaWa PolytechnicAdmin Building
UDS Old CampusAdmin Building