Students Loan Trust Fund To Serve Legal Charges On The Following Beneficiaries [Find out month and category of people to be served]
Highlights
1. “The SLTF sets aside one month each year to educate the general public, particularly beneficiaries of the loan scheme, on the importance of loan repayment to the sustainability of the fund.” according to the CEO
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2. The Students Loan Trust Fund Act, 820 (2011) provides the various ways by which SLTF could use to retrieve loans given to beneficiaries and legal action is one of such measures.
3. Beneficiaries or parents whose wards still owe Students Loan Trust Fund should be expecting legal suits from SLTF from the month indicated by the CEO, Nana Kwaku Agyei Yeboah.
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In an interview with Daily Graphic, the CEO of SLTF wrote; “we consistently keep reminding people through their guarantors, text messages and other communication -emails, etc. as well as publish names and faces on our platforms and in the dailies.”
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“They have simply ignored all those and so we are resorting to the final action by sending the recalcitrant borrowers to court, and prosecute them to get the money back.”
“This month is the final grace period. If they still refuse to do the needful of all the reminders and prompts, September is prosecution time to recover the loans”, according to Daily Graphic
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In the sensitization month of August, the CEO lamented that the fund has deployed all the other methods prescribed to retrieve the funds but since beneficiaries have refused to repay, the legal option must be adopted since the legal option is also allowed.
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The CEO was specifically clear that beneficiaries whose repayment period of ten (10) years has passed will be brought before the courts from next month September, 2022.
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