The Students Loan Trust Fund (SLTF) has unveiled a series of major reforms aimed at improving access, affordability, and equity in tertiary education as part of President John Dramani Mahama’s Reset Agenda.
In a statement issued on November 7, 2025, and signed by Dr. Saajida Shiraz, CEO of the Fund, the SLTF said the new measures are in line with the President’s directive for student loan amounts to be revised and for complementary initiatives to ease financial stress on tertiary students.
Key Reforms Announced
1. Introduction of Students Loan Plus:
A new loan package, dubbed Students Loan Plus, has been introduced under the No Fees Stress Initiative. It allows tertiary students to apply for loans that cover full tuition fees, with funds disbursed directly to their institutions.
2. Increased Loan Amounts:
The Fund has raised loan amounts for regular student loans by 50%. As a result, loan amounts will now range from GHC 2,250 to GHC 4,500 per academic year, disbursed directly to students.
3. Interest Rate Reduction:
The prevailing interest rate on student loans has been slashed from 12% annual compound interest to 6% simple interest during the study period and moratorium, significantly easing repayment burdens on graduates.
4. Streamlined Application and Disbursement Process:
The SLTF has eliminated the E-zwich requirement for loan applications. GCB Bank accounts will now be automatically created within the No Fees Stress portal for all new applicants, ensuring faster and more efficient disbursement.
The SLTF reaffirmed its commitment to enhancing equitable access to inclusive tertiary education under the supervision of the Ministry of Education.
“Under the auspices of the Ministry of Education, SLTF remains committed to enhancing equitable access to affordable and inclusive tertiary education in Ghana,” the statement concluded.
