31,000 names of student loan defaulters published

31,000 names of student loan defaulters published

The Student Loan Trust Fund (STLF) has published the names of 31,223 persons who took loans from it but have failed to pay back.

31,000 names of student loan defaulters published

Student Loan defaulters

The fund have published on it’s website the names of all defaulters. According to STLF some of the names published have defaulted for about a decade.

A statement of their website indicated that the names are “borrowers [who] are in default of their monthly instalments or have not started repayment of their loans".

The Trust is also threatening to publish the names in the national dailies if the defaulter file to settle their debt.

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We are therefore asking the under-listed borrowers to repay the loan in order for others to access the fund. The Trust Fund will publish the names of these defaulters and their respective amounts in the National dailies if they fail to repay their loans on time.

The financial support SLTF is a fund established by law to provide financial support to tertiary students. After completing their courses of study, beneficiary students are given a two-year grace period to start repayment.

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