The Chief Executive Officer of the Students Loan Trust Fund; Nana Kwaku Agyei Yeboah has allayed the fear of parents and guardians over funding the tertiary fees of their wards after enjoying free senior High School education.
Parents and guardians have been relieved of the responsibility of bearing the academic fees of their wards in the senior High School by the NPP government’s flagship free SHS policy.
Nana Kwaku Agyei Yeboah says the government has put in place measures to ensure that students transitioning from SHS to the tertiary level are able to access the students’ loan to enable them pay for their tertiary education. He hinted that beneficiaries of free SHS who are moving on to the tertiary level are entitled to a students’ loan of GHC1,500.00 to GHC3,000.00 which is accessible to every child at the tertiary level, so the beneficiary of the Free Senior High School who will be graduating to the tertiary level are eligible to apply for the student’s loan which ranges from GH 1500 cedis to GH 3000 cedis per one academic year.
Speaking exclusively on Oyerepa Breakfast Show, last Friday with Nana Kwadwo Jantuah, Nana Agyei Yeboah said, the government through Nana Addo Dankwa Akufo Addo has increased the Students Loan Trust fund by 50 percent for all and this is a piece of promising news for the yet to graduate Free SHS students.
He therefore encouraged parents to ensure their wards apply for the fund to relieve them of the arduous burden of sourcing for expensive loans elsewhere to finance their wards’ education.
Nana Agyei Yeboah hinted that the repayment period of the loan is flexible and up to ten (10) years.
He revealed that about 30,000 students apply annually for the student’s Loan currently.
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