Student Loan Trust Fund Names and Shames 102 Defaulters and Guarantors
- The Student Loan Trust Fund (SLTF) has published the names of 102 individuals who have defaulted on their loan payments
- The list includes details such as the borrowers' names, institutions attended, loan amounts, and the names of guarantors
- The SLTF has demanded immediate repayment from defaulters, with further batches to be named if loans were left unpaid
- Zikira Abdul Bashir, a school administrator, shared her views on this in a discussion with YEN.com.gh
The Student Loan Trust Fund (SLTF) has published the names of 102 individuals who have defaulted on payment of their loans.
This is part of an ongoing effort by the organisation to recover outstanding debts owed by students to the state.
Source: UGC
In a notice published in the May 30, 2025, edition of the Daily Graphic, the SLTF disclosed a list of over 100 borrowers who had failed to meet their repayment obligations, despite numerous reminders and notices.
The published list of the SLTF loan defaulters included details such as the full names of borrowers, their respective tertiary institutions, the year of completion, the total loan amount with interest, and the names of their guarantors.
This action follows a previous demand notice dated March 5, 2024, which the SLTF stated was served to the defaulters and published in a national newspaper.
“As a result and in accordance with section 26 of the Students Loan Trust Fund Act 820, Act 2011, as amended by the Students Loan Trust Fund (Amendment) Act 2021, Act 1065, we hereby demand that you (the defaulters) and any other relevant individuals immediately repay the outstanding loan,” the notice stated.
“Consequent to this and in compliance with section 26 of the Students Loan Trust Fund Act 820, Act 2011, as amended by the Students Loan Trust Fund (Amendment) Act 2021, Act 1065, we hereby demand that you (the defaulters) and any other person(s) concerned, immediately pay the outstanding loan,” the notice read.
SLTF demands loan repayments from defaulting borrowers
The notice stated that the SLTF referred to the student loan contracted with the body under the terms and conditions outlined when the individual was a student at a tertiary institution in Ghana.
It further explained that the borrowers had breached the agreement by failing to begin repayment after the stipulated grace period following the completion of their studies.
The notice also referred to the options in the loan agreements, which allowed borrowers to repay their loans during their studies, national service, or the one-year moratorium after national service, followed by an average of an additional eight years for repayment, depending on the program of study.
The SLTF emphasised that the borrowers had failed, neglected, or refused to make the necessary payments as required.
The names of defaulters are listed in the link below:
List of borrowers from various Ghanaian universities
This notice represents the second batch of loan defaulters released by the SLTF as part of its 2024/2025 recovery efforts, with officials warning that additional batches may be published if borrowers continue to neglect their repayment obligations.
The borrowers listed in the publication attended various public and private tertiary institutions, including the University of Ghana, Kwame Nkrumah University of Science and Technology (KNUST), University of Cape Coast, University for Development Studies, and several technical universities and colleges across the country.
Some of the defaulters graduated as far back as 2008. For instance, a borrower from the University of Mines and Technology, Tarkwa, who completed in 2008, owes GH₵14,248.34, while another from KNUST, whose loan dates back to 2011, owes GH₵36,346.99.
The fund encouraged borrowers to visit its website or contact its customer care centre for assistance and clarification. It also reminded the public that the SLTF was established to support tertiary students, but its sustainability relied heavily on the timely repayment of loans by beneficiaries.
SLTF urged to offer flexible repayment
Speaking to YEN.com.gh, Zikira Abdul Bashir, a school administrator, stated that by publishing the names of defaulters, the Student Loan Trust Fund (SLTF) was promoting transparency and accountability, which could serve as a deterrent to others who might consider defaulting on their loans.
She suggested that the SLTF should provide flexible repayment plans to accommodate defaulters with varying financial capacities, making it easier for them to repay their loans.
Additionally, she recommended that the SLTF conduct awareness campaigns to educate borrowers about the importance of loan repayment and the consequences of defaulting, to prevent similar situations in the future.
"By publishing the names of defaulters, the SLTF is promoting transparency and accountability, which can serve as a deterrent to others who might consider defaulting on their loans. The SLTF should also provide flexible repayment plans, which could be explored to accommodate defaulters with varying financial capacities, making it easier for them to repay their loans," she said.
"The SLTF could conduct awareness campaigns to educate borrowers about the importance of loan repayment and the consequences of defaulting, to prevent similar situations in the future," she added.
Source: Facebook
STLF disburses loans to 19,703 tertiary students
YEN.com.gh also reported that the SLTF had disbursed loans to 19,703 students in public and private tertiary institutions for the second semester.
This was the first time in four years that body had begun second-semester loan disbursements, with priority given to private tertiary institutions.
Dr Saajida Shiraz, the CEO of the SLTF, reassured the public that the revamped fund was still committed to providing timely financial support to students.
Proofreading by Bruce Douglas, copy editor at YEN.com.gh.
Source: YEN.com.gh
