Many students in Ghana want to finish college or get a job, but money problems often get in the way, That’s where student loans come in. They can help you pay for school, buy books, rent a hostel, and focus on learning.
But before you apply, it’s important to understand:
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Who qualifies
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How the loan works
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How much you can get
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When and how to repay
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Common mistakes to avoid
This guide breaks it all down — especially for SHS graduates, university students, and technical/vocational learners.
What Is a Student Loan?
In Ghana, the Student Loan Trust Fund (SLTF) provides loans to tertiary students enrolled in accredited public and private institutions.
The loan helps cover:
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Tuition and fees
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Accommodation
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Study materials
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Transportation and meals
Unlike scholarships, you must repay the loan, usually after school or when you start working.
Who Qualifies for a Student Loan?
To apply for a Student Loan Trust Fund (SLTF) loan, you must:
| Requirement | Details |
|---|---|
| Ghanaian Citizen | Must have a valid Ghana Card |
| Admission | Must be enrolled in an accredited tertiary institution |
| E-zwich Account | Used for disbursement of loan funds |
| Guarantor (Optional as of 2022) | No longer required — replaced by Ghana Card-based verification |
| Must not be on a scholarship | If you receive free tuition elsewhere, you may not qualify |
Approved schools include:
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Public universities (UG, KNUST, UCC, etc.)
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Technical universities (Accra Tech, Kumasi Tech)
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Nursing & Teacher Training Colleges
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Private accredited universities
How Much Can You Receive?
As of 2025, the SLTF offers loans based on your financial need and program type. The loan amount ranges from ₵1,500 to ₵3,000 per year.
You can apply once per academic year. Payments are usually made in two tranches (per semester) to your E-zwich account.
How to Apply for a Student Loan (Step-by-Step)
Step 1: Get a Valid Ghana Card
Visit any NIA office or registration center if you don’t already have one.
Step 2: Open an E-zwich Account
Go to any bank that issues E-zwich (ADB, GCB, etc.) and open an account in your name.
Step 3: Visit the SLTF Website
Go to www.sltf.gov.gh and click on Student Portal.
Step 4: Create an Account
Register with your Ghana Card number, phone number, and email.
Step 5: Fill the Online Application Form
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Choose your institution
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Upload proof of admission
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Enter your E-zwich account
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Upload a passport photo
Step 6: Submit and Track
After submitting, you’ll receive a confirmation. Track your status online and watch for updates via SMS.
When Do You Start Paying Back?
Repayment usually starts two years after completion of your program — or six months after you start working, whichever comes first.
The SLTF works with:
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SSNIT to track employment
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GRA and employers to deduct repayments
Monthly deductions are based on your salary level, not a fixed amount.
Example Repayment Plan
| Year | Amount Borrowed | Monthly Repayment |
|---|---|---|
| 2025 | ₵3,000 | ₵50–₵120/month (approx.) |
You can also choose voluntary early repayment — especially if you want to borrow again for postgraduate education.
Common Mistakes to Avoid
1. Not Using Your Own Ghana Card
You must apply with your own Ghana Card, not your parent’s or guardian’s.
2. Wrong E-zwich Information
Ensure the name on your E-zwich account matches your Ghana Card name.
3. Not Updating Details
If you change phone numbers or schools, update your SLTF portal immediately.
4. Defaulting After School
This affects your credit score and ability to access future loans or jobs in public service.
Bonus Tips for Students
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Use the money wisely – focus on fees, books, hostel, and learning needs
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Save part of your loan in a student susu or savings group
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Apply early – don’t wait till deadline
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Tell your parents/guardian so they’re aware and can support if needed
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Keep your Ghana Card safe – you’ll need it every year
Other Student Financial Aid Options in Ghana
| Option | Description |
|---|---|
| GES Scholarships | Apply through the Scholarship Secretariat (scholarshipgh.com) |
| GETFund Scholarship | Available for postgraduate studies |
| District Assembly Scholarships | Contact your local assembly |
| Church/Religious Groups | Presbyterian, Catholic, Pentecost offer support |
| NGOs and Private Foundations | Example: CAMFED, MasterCard Foundation |
Who Should Consider a Student Loan?
✔ SHS graduates entering university
✔ Continuing students struggling with fees
✔ Distance learning and part-time students
✔ Students without access to scholarships
✔ Learners from low-income homes
Student Loans Can Open Doors
The Student Loan Trust Fund is a fair and useful way for Ghanaians to pay for college without having to worry about money.
The SLTF is one of the best ways for people in Ghana to get an education because it doesn’t require collateral or a guarantor and lets you pay it back after you graduate.
“Take the loan, but also be responsible.” Plan ahead and use it wisely.
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