How to apply for a Student Loan Trust Fund (SLTF) in Ghana

Are you looking to finance your college education in Ghana? A Student Loan Trust Fund (SLTF) may be the perfect solution for you. SLTF provides loans to students who are in financial need to help them pay for their tuition and other educational expenses. 

In this blog post, we'll discuss how to apply for an SLTF loan in Ghana and the requirements you need to meet in order to qualify. We'll also provide helpful tips on how to get the most out of your loan. So if you're looking to finance your education, keep reading to learn how to apply for a Student Loan Trust Fund in Ghana.

Overview Of Student Loan Trust Fund?

The Student Loan Trust Fund (SLTF) is a government initiative aimed at providing financial support to eligible Ghanaian students pursuing tertiary education. The fund was established in 2005 and has since been providing loans to students who cannot afford to pay for their education due to financial constraints.

The SLTF loan is interest-free while the student is in school, and the repayment of the loan begins six months after graduation or completion of studies. The repayment period for the loan is ten years, and interest is charged at a low rate.

The SLTF loan can be used to pay for tuition fees, accommodation, and other necessary expenses associated with the student's education. The fund is open to all eligible students regardless of their program of study, and the loan amount is determined based on the student's financial need.

Eligibility Requirements For SLTF

The Student Loan Trust Fund is an initiative by the Ghanaian government to provide financial assistance to tertiary level students who cannot afford to pay their tuition fees. However, not everyone is eligible to receive an SLTF loan. Here are the eligibility requirements:

  • Be a Ghanaian citizen
  • Have gained admission into a recognized tertiary institution in Ghana or abroad
  • Be enrolled in an approved programme of study
  • Have proof of need for financial assistance
  • Have a guarantor who is a Ghanaian citizen with a good credit history

In addition to meeting these requirements, applicants must also have a strong academic record, as well as a clear plan for how they will use the loan to support their education. It's worth noting that meeting these requirements does not guarantee that you will receive an SLTF loan, as the fund receives many more applications than it can accommodate. Therefore, it's important to apply as early as possible and to provide all necessary documents to increase your chances of being approved.

Required Documents for SLTF Application

When applying for a Student Loan Trust Fund (SLTF) in Ghana, there are several documents that you must submit to prove your eligibility for the loan. These documents include:

  1. National ID card or passport
  2. Admission letter from a recognized tertiary institution in Ghana
  3. Academic records and certificates
  4. Two passport-sized photographs
  5. Proof of income of a guarantor who will guarantee the loan
  6. Proof of registration with the Ghana Revenue Authority (GRA)

It is important to note that these documents must be original and certified copies. In addition, all documents must be up-to-date and must not be expired. If you are missing any of these documents, you should work on obtaining them before applying for the SLTF loan to avoid any delays or rejections in the application process. 

Once you have gathered all the necessary documents, you can move on to filling out the SLTF application form.

How To Apply For An SLTF Loan

Applying for a Student Loan Trust Fund (SLTF) loan in Ghana is a relatively straightforward process. To start, you'll need to obtain an application form from the SLTF office or download it from their website. Fill out the form completely and accurately, providing all necessary personal and educational information.

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Next, gather all the required documents, such as your national ID card or passport, admission letter from a recognized tertiary institution, academic records and certificates, two passport-sized photographs, proof of income of a guarantor, and proof of registration with the Ghana Revenue Authority (GRA). Make sure all the documents are original and certified copies, and that they are up-to-date and not expired.

Once you have completed the application form and gathered all the required documents, submit them to the SLTF office along with any other supporting materials they may require. It's important to submit your application as early as possible to increase your chances of being approved, as the SLTF receives a high volume of applications.

After submitting your application, the SLTF will review it and assess your eligibility for a loan. If your application is approved, you will be notified and provided with the terms and conditions of the loan. If your application is not approved, you may consider seeking alternative sources of funding for your education.

Remember, it's important to carefully read and understand the terms and conditions of the loan before accepting it. If you have any questions or concerns, don't hesitate to reach out to the SLTF office for clarification.


Repayment Terms and Conditions

After graduation, the Student Loan Trust Fund (SLTF) loan must be repaid. The repayment period begins six months after graduation or completing national service, and you have up to 10 years to pay back the loan in full. 

Interest on the loan begins to accrue after the grace period and is charged at an affordable rate. The SLTF offers flexible repayment options, including monthly, quarterly, biannual, and annual payments. You can also make prepayments to reduce the interest accrued and the repayment period.

Defaulting on SLTF loan repayments has serious consequences, including legal action and blacklisting from borrowing from any financial institution in the country. It's essential to keep up with your loan repayments and communicate with the SLTF if you are having difficulty making payments.

In the event of unforeseen circumstances such as illness or job loss, the SLTF has provisions for loan deferment or loan forgiveness. It's essential to keep in touch with the SLTF and notify them of any changes in your circumstances that may affect your loan repayment.


How do I qualify for a student loan in Ghana? 

To qualify for a student loan in Ghana, you must meet certain criteria set by the Student Loan Trust Fund (SLTF). Typically, the requirements include being a Ghanaian citizen, gaining admission to a recognized tertiary institution, and demonstrating financial need. Additionally, applicants must not be more than 45 years old at the time of application and should not be in receipt of any other government scholarship or bursary.

Is student loan available in Ghana? 

Yes, student loans are available in Ghana through the Student Loan Trust Fund (SLTF). The SLTF provides financial assistance to eligible Ghanaian students pursuing higher education at recognized tertiary institutions in the country.

What is the maximum student loan amount in Ghana? 

The maximum student loan amount available from the SLTF in Ghana is GHS 15,000 per academic year. However, it's important to note that loan amounts may vary, and the SLTF determines the final amount based on the applicant's financial need and other factors.

How long does it take to receive money from SLTF? 

The time it takes to receive money from the SLTF may vary depending on several factors, including the processing time of the application and the institution's verification process. Generally, it may take several weeks after completing the application process for the funds to be disbursed to the beneficiary's institution.

How often is student loan paid? 

The student loan is typically paid per academic year. The disbursement is made in installments over the course of the academic year, usually in line with the institution's academic calendar. Beneficiaries receive the funds through their tertiary institutions.

How do I know when my student loan will be paid?

 Once your student loan application is approved and the disbursement process begins, the SLTF will communicate the payment schedule and disbursement dates to your tertiary institution. The institution will then inform you about the payment details, including when and how the funds will be paid to you.


The Student Loan Trust Fund (SLTF) is an essential source of financial assistance for Ghanaian students who require funding to further their education. Applying for an SLTF loan can seem daunting, but the process is straightforward once you meet the eligibility requirements and gather the necessary documents.

To ensure a smooth application process, ensure that you provide accurate and up-to-date information. Also, keep in mind the repayment terms and conditions, as you will be required to repay your loan once you complete your studies.

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