A group pics with PRICOF Members
CHIEF EXECUTIVE Officer (CEO) of the Student Loan Trust Fund (SLTF), Nana Kwaku Agyei Yeboah, has indicated that all is set for the disbursement of allowances to teachers and nursing trainees beginning September this year.
“All teachers and nursing trainees will be considered in this new dispensation and that explains why the SLTF is actively engaging various stakeholders including Principals of Colleges of Education on procedures to access the allowance,” he stated.
The SLTF, according to him, is an agency under the Ministry of Education (MOE) which was established in December 2005 under the trustee Incorporation Act 106 of 1962.
The SLTF is currently operating under Act 820 of 2011 which mandates it to disburse loans to accredited public or private tertiary institutions.
Mr Yeboah explained that the GSLT took over the functions of the Student Loan Management from the Social Security and National Insurance Trust (SSNIT) and commenced operations in 2006/07 academic year.
He indicated that the restoration of the allowances to students is in fulfillment of the 2016 manifesto promise of the current government to restore in full the allowances for teacher and nursing trainees.
Addressing forty-one (41) heads of Colleges of Education at the Conference of Principals of Colleges of Education (PRINCOF) House located at Ogbojo, East Legon, Accra, the CEO stressed that the role of the Principals in the disbursement of the allowances is very crucial in the determination of vital information required to process an application.
Mr. Kwaku Agyei Yeboah stated that the allowances to the trainees can be made on monthly or Semester basis depending on the prevailing situation in each academic year.
He pointed out that the amount payable to a trainee is a flat rate unless otherwise decided by government to pay according to programme categories.
The CEO also disclosed that continuing students on the loan scheme will continue to enjoy the facility.
The National President of PRINCOF, Rev.Sr.Elizabeth Amoako-Arhen while commending the SLTF for the presentation to the PRINCOF also lauded government for the restoration of the allowances which will go a long way to help the students.
Rev. Sr. Elizabeth Amoako-Arhen assured the CEO of maximum cooperation in providing any information the SLTF may require leading to the approval of the students applications.
By Solomon Ofori