Source: newsthemegh.com
The names of student loan defaulters have been made public by the Students Loan Trust Fund (SLTF).
“We refer to the loan you contracted with the Students Loan Trust Fund when you accessed students loan on the terms and conditions stated therein, whilst a student at the tertiary level in Ghana,” the SLTF wrote in a notification published in the Daily Graphic on Monday, September 11, 2023.
“We refer also to the options in the loan agreement to pay of your loan during the period of your study; national service; one more year moratorium after national service, and an average of eight years additional repayment period subject to your programme of study; within which to pay off the loan and interest, and to which you have failed, neglected and/or refused to pay up.”
The SLTF urged anyone who had defaulted on student loans to make good on their debt “within one month” of the list of defaulters being made public.
The statement continued, “Failure to do so is an admission of the debt; and shall be deemed a judgment on the amount in addition to costs of five percent of the debt entered by the Circuit Court against you and your guarantor.”