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
-
I didn’t speak against holding wrongdoers accountable – Rev. Kwadwo Bempah clarifies ORAL comment
56 minutes -
RSS Developers to hold 3-day open house event on home purchasing from Friday, Dec. 27
1 hour -
Elikem Treveh: How TEIN UMaT students contributed significantly to NDC’s victory in Tarkwa Nsuaem constituency
2 hours -
Joy FM Family Party in the Park kicks off with excitement at Aburi Botanical Gardens
2 hours -
JP U-15 Cup 2024: Fadama Ajax wins maiden edition
2 hours -
Lured for Love, Caged for Cash: How an 80-year-old American seeking love was kidnapped in Ghana by a Nigerian gang
3 hours -
Star Oil Ltd @ 25: Driving Growth and Profitability with a Vision for Renewable Energy and a Sustainable Future
4 hours -
American Airlines resumes flights after technical issue
4 hours -
NDC Greater Accra Chairman dismisses unauthorised appointment nomination request
5 hours -
Man City might miss out on Champions League – Guardiola
5 hours -
Joy FM’s Party in the Park set to thrill at Aburi Botanical Gardens today
5 hours -
KiDi performs with childhood idol, Kojo Antwi at ‘Likor On The Beach’
6 hours -
South Korea MPs file motion to impeach acting president
6 hours -
Star Oil Ltd @ 25: Driving growth and profitability with a vision for renewable energy and a sustainable future
6 hours -
Bald eagle officially declared US national bird after 250 years
6 hours