President of the National Union of Ghana Students, Dennis Appiah Larbi-Ampofo, has called on government to review the Students' Loan policy that allows interest to be charged on the loans while students are still in school.
Speaking at the launch of the Students Loan Trust Fund’s ‘No Guarantor’ policy, he said charging interests on the loans while students are in school defeats the essence of the SLTF, which is to cushion beneficiaries.
“Your Excellency, are you aware that interest is charged on the loans students take even whiles they are students? We will appeal to your good office to take this matter up and do something about it,” he told the Vice President, Dr Mahamudu Bawumia.
In addition to this, he urged the government to ensure that the disbursement of the loans to beneficiaries is timely.
Mr Larbi-Ampofo said the delays in the disbursement cause untold hardships to students and affect their academic performance.
“On behalf of the ten million students in Ghana, I would like to extend my appreciation to government for the implementation of this landmark policy” he said.
Meanwhile, he advocated an increment in the amount paid to beneficiaries, saying the current amount of ₵3,000 per academic year is inadequate for many students.
The launch of the ‘No Guarantor’ policy was graced by top-ranking government officials led by the Vice President of the Republic, Dr Mahamudu Bawumia, the Education Minister, the Ashanti Regional Minister, Mayor of Kumasi and the Chief Executive Officer of the SLTF.
At the event, the SLTF CEO was honoured with a portrait from NUGS.
According to the NUGS President, the gesture was in recognition of the CEO's innovative and transformative leadership to the Fund.
He added that the leadership of the fund has been very responsive to their plight in times of need.
Latest Stories
-
National Cathedral: CHRAJ recommends investigation, contract cancellation, possible prosecution
17 seconds -
Dr James Orleans-Lindsay wins Man of the Year at 9th EMY Africa Awards
2 mins -
Medical Council to enforce specialist distribution nationwide
32 mins -
Fire guts old Fadama market, man reportedly loses GHC800,000
36 mins -
Nacee bemoans low performance fees for gospel artistes
37 mins -
We don’t operate investment platform – GNPC
54 mins -
Ghana Fact-checking Coalition condemns disinformation on voting by Wontumi FM broadcaster
55 mins -
IFRS 17 will augment and accelerate NIC’s efforts to implement risk-based capital – Deloitte
58 mins -
IFRS 17 is one of biggest changes to financial reporting standards in insurance industry – Deloitte
1 hour -
Enimil Ashon: Whose polls do you believe: ‘Global Info or Prof Sarpong?
1 hour -
Ghana Climate Innovation Centre welcomes 25 businesses into Cohort 10
1 hour -
ADB will continue to enhance customer value and service experience – Managing Director
1 hour -
Colour Cure Exhibition highlights art’s role in healing and advocacy
1 hour -
GPL 2024/25: Aduana FC sack coach Yaw Acheampong after poor run
1 hour -
John Dumelo pays ¢10,400 in outstanding fees for visually impaired law student facing deferral
1 hour