The Students Loan Trust Fund (SLTF) has increased the loan amounts available to tertiary students by 50 percent, as part of sweeping reforms under the John Dramani Mahama administration’s “Reset Agenda”.Effective for the 2025/2026 academic year, regular student loans will now range between GHS 2,250 and GHS 4,500 per academic year, up from the previous range of GHS 1,500 to GHS 3,000.
In addition to the increase in loan amounts, the SLTF also announced a reduction in the interest rate from 12% compound interest to 6% simple interest during the study and moratorium periods, removal of the E-zwich card requirement for applications; instead, new applicants will have GCB Bank accounts created automatically through the “No Fees Stress” portal and introduction of a new “Students Loan Plus” package under the No Fees Stress initiative, which allows for full‐fee coverage loans paid directly to institutions.
SLTF Chief Executive Officer Saajida Shiraz said these reforms reflect a commitment to “equitable access to affordable tertiary education” and to ensuring that financial barriers do not prevent qualified students from enrolling.
The reform comes amid rising educational costs and aligns with government efforts to support human capital development.
Source: Myxyzonline.com
