Introduction
Financing tertiary education in Ghana can be challenging, especially for students who do not have scholarships or family support. The cost of tuition, accommodation, books, and other living expenses continues to rise, leaving many students in need of financial assistance. Fortunately, the Students Loan Trust Fund (SLTF) provides a reliable way for eligible students in Ghana to access loans to support their education.
This article provides a step-by-step guide on how to apply for a student loan in Ghana, covering eligibility, requirements, the application process, repayment terms, and frequently asked questions. Whether you are a first-year student or a continuing student in a recognised tertiary institution, this guide will help you navigate the student loan system confidently.
What Is the Students' Loan Trust Fund (SLTF)?
The Students Loan Trust Fund (SLTF) is a government initiative established in December 2005 to provide financial support to Ghanaian tertiary students. The fund offers low-interest loans to help students cover academic-related expenses, with repayment starting after graduation and national service.
Who Is Eligible for the Student Loan?
Before you apply, ensure that you meet the eligibility criteria set by SLTF. You must:
- Be a Ghanaian citizen.
- Have gained admission into a recognised public or private tertiary institution in Ghana.
- Be enrolled in an accredited diploma or degree program.
- Be a registered student with an active academic status.
- Possess a valid Ghana Card issued by the National Identification Authority (NIA).
- Provide details of a valid e-Zwich account.
- Complete the required biometric registration.
- In the past, a guarantor was required, but as of recent updates (2022 onward), no guarantor is needed.
Documents Required for Application
To successfully complete your student loan application, prepare the following:
- Ghana Card (National ID)
- Proof of admission into your tertiary institution
- Proof of registration (student ID card or admission letter)
- Valid e-zwich account number (from GCB, ADB, etc.)
- Valid email address and mobile number
- Biometric information (to be captured during the process)
Step-by-Step Guide: How to Apply for a Student Loan in Ghana
Step 1: Register on the SLTF Online Portal
- Visit the official SLTF portal: https://www.sltf.gov.gh
- Click on “Apply for Loan” or go directly to the loan application page.
- Register using your:
- Ghana Card number
- Full name (as on Ghana Card)
- Active email and phone number
- Institution details
📌 Note: Make sure all the details match those on your Ghana Card and school records.
Step 2: Fill out the Online Application Form
Once registered:
- Log in to your dashboard using your email and password.
- Fill in personal details: Name, date of birth, address, and guardian information.
- Provide academic details: School name, program of study, and year.
- Enter your e-zwich account number (must be registered in your name).
- Upload any required documents (e.g., admission letter, student ID).
Step 3: Biometric Verification
After submitting the application form:
- You will be asked to complete biometric verification.
Visit the nearest SLTF zonal office or designated centre with:
- Your Ghana Card
- Student ID
- Any confirmation slip from your online application
🔐 Biometric verification is essential for authenticating your identity and securing the loan application.
Step 4: Application Review and Approval
After successful biometric enrollment:
- SLTF will review your application for accuracy and eligibility.
- You may be contacted via SMS or email if additional details are needed.
- Once approved, your loan will be processed for disbursement.
Step 5: Loan Disbursement
Disbursement is made directly to your e-zwich account. The funds can be used to cover:
- Tuition fees
- Accommodation
- Books and learning materials
- Living expenses
💡 You can withdraw the money using your e-zwich card at any bank that supports the platform.
How Much Can You Receive?
The amount disbursed depends on your program and year of study. As of recent data:
- Minimum disbursement: GHS 1,500
- Maximum disbursement: GHS 3,000+
- You can apply every academic year until completion.
Loan Repayment: How It Works
Repayment begins after National Service and comes with flexible terms.
Repayment Methods:
- Salary deduction (if you’re formally employed)
- Mobile money payment
- SLTF repayment portal
- Voluntary repayment during studies (optional)
SLTF offers a grace period of one year after national service before repayment starts.
Interest Rate:
- Generally low (10–12%), and interest is subsidised by the government.
Penalty for Default:
- Late repayment may attract penalties or affect your ability to take other government loans (e.g., car loans, business loans).
Common Challenges & How to Avoid Them
| Issue | Solution |
|---|---|
| Wrong e-zwich info | Double-check the account name and number before submission |
| No biometric match | Ensure your Ghana Card matches your school ID details |
| Delay in disbursement | Contact SLTF support via email or the regional office |
| Missing notifications | Use a valid email and phone number, and check your spam folders |
SLTF Contact Information
For help with your application:
- Website: https://www.sltf.gov.gh
- Email: info@sltf.gov.gh
- WhatsApp Help Line: 050-140-5851
- Toll-Free: 0800-200-066
- Facebook: facebook.com/sltfgovgh
FAQs (Frequently Asked Questions)
1. Do I need a guarantor?
No, recent reforms mean guarantors are no longer required. Your Ghana Card and biometrics are used for identification and tracking.
2. Can I apply in my first year?
Yes! As long as you are officially registered and have your Ghana Card and e-zwich account ready.
3. Can students from private universities apply?
Yes, provided the school is accredited by the Ghana Tertiary Education Commission (GTEC).
4. What if I default on payment?
SLTF may take legal steps or restrict access to other financial support. Repayment is crucial for sustainability.
5. Can I repay while still in school?
Yes! Voluntary early repayment is allowed and reduces your interest burden.
Final Tips for a Successful Application
- Register for your Ghana Card and e-zwich early.
- Double-check all details before submitting.
- Keep your application credentials secure.
- Stay informed by following SLTF on social media or joining student WhatsApp groups.
- Budget wisely after receiving your loan—use it strictly for educational needs.
Conclusion
Education should not be limited by financial barriers. The Student Loan Trust Fund provides a practical and low-risk solution for students in Ghana who require financial support throughout their academic journey. By understanding the application process and meeting the necessary requirements, you can unlock financial support that allows you to focus on what truly matters—your studies.
Apply early, stay organised, and manage your funds wisely. With the SLTF student loan, the door to academic success is wide open.
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