Teacher Trainee Allowances Is Not A Loan – Students Loan Trust Fund Explains

The Management of the Students Loan Trust Fund (SLTF) on Tuesday affirmed that Teacher Trainee Allowances is not a loan, and trainees will not be req



Teacher Trainee Allowances Is Not A Loan – Students Loan Trust Fund Explains

Teacher Trainee Allowances Is Not A Loan – Students Loan Trust Fund Explains

The Management of the Students Loan Trust Fund (SLTF) on Tuesday affirmed that Teacher Trainee Allowances is not a loan, and trainees will not be required to pay back as has been erroneously reported.

The Trust Fund management in a statement copied to the CDA Consult in Accra and signed by Mr George Ferguson Laing, Senior Communications Manager denied media reports which seem to suggest that the teacher trainee allowance has been converted into a loan facility by the Government.

“It is not a loan, and trainees will not be required to pay back as has been erroneously reported.

“For the avoidance of doubt we would like to state that, in line with Government policy to restore the allowance effective 2017/2018 academic year, the Ministry of Education has mandated the Students Loan Trust Fund to disburse the allowances,” the statement stated.

According to the statement the SLTF has been mandated by the Government to facilitate the payment of the allowance to trainees because it has the required systems and structures to do so.

It said in a recent meeting with the Principals of the Colleges of Education (PRINCOF), the Trust Fund emphasised the need for the Principals to furnish it with lists of eligible students and other essential information in order for the allowances to be speedily disbursed.

The statement said, the disbursement of the allowances is an added service the Trust Fund is providing for the education sector in Ghana, and does not in any way detract from its core mandate which is to provide subsidised loans for Ghanaian tertiary students studying in accredited institutions nationwide.

“The Student Loan Trust Fund will approach this new task with the same diligence it has applied in providing equal access to tertiary financing since 2006/07 academic year,” the statement said.

According to the Trust Fund, the disbursement process will lead to reduction of human influence over the procedure, due to the automation of the process, validation of students’ information to avoid payments to individuals that are not eligible, greater transparency and accountability.

The students Loan Trust Fund (SLTF) was established in December 2005 under the Trustee Incorporation Act 1962, Act 106.

As part of reforms to make accredited tertiary education more accessible to the majority of qualified Ghanaian students, the Government of Ghana passed the Student Loan Trust Fund Act, Act 820 (2011) for the efficient and effective disbursement of loans to tertiary students.

The Trust Fund has the responsibility to recover loans from students after the completion of their tertiary education.

The principal objectives of the Trust Fund are to provide financial resources for the sound management of the Trust for the benefit of students and to help promote and facilitate the national ideals enshrined in Article 25 and 38 of the 1992 Constitution.

Communication for Development and Advocacy Consult (CDA Consult) provides tailor made development communication tools necessary for operational transformation and translating dreams into achievable goals and equips clients with mechanism for public education on specific issues.

It also provides effective back-up or frontline monitoring and evaluation tools to ensure value for money delivery of projects, whilst providing clients with skills to deliver timely and accurate information on their activities, work, programmes and projects.

CDA Consult is also aimed at building a responsive working culture for corporate growth through a social process at institutional levels based on dialogue using a broad range of tools and methods.

It also assists client to use continuous and adaptive process of gathering, organising and formulating information and data into argument and to communicate to policy-makers through various interpersonal and mass media communication channels.









Source: Peacefmonline.com/Ghana

COMMENTS

Name

Ab3b3,1,Adams Mutawakilu,1,Afreekan,1,Afrobeatz,2,Akbek Entertainment,1,Akon,2,Ala Fric,1,AlphaBeatz,1,Ama Nyaneba,1,Anamon,1,Artist Profile,1,Artworks,2,Asorkpor,1,Atom,1,Austria,1,Aytee,2,Bastero,1,Bazku,1,Becca,1,Bekey Mills,11,bekey Mills. Drawn In Love,1,BekeyMills - Rihanna,1,Bisa Kdei,1,Braa Kwaku,1,Burgha Prince,2,Business News,13,Cally Banks,1,ChapterBeatz,1,Crystal,1,Curr3ncy,1,Cypher,1,D Sherif,1,Dance-hall,152,Dee Best,1,Devotion,12,Dfizzy,1,DJ Apps,1,DJ Bosh,1,Dj Mensah,1,Dj Mixtape,7,Dj Spirit,2,Dj Stomzy,1,Don Oscar,1,Donald Trump,1,Drawn In Love,1,Efya,1,Ella Dessy,1,Endeetone,1,Entertainment,621,Ephraim,1,Events,17,Exgee,2,fame before fame,1,Fameye,2,Future Conquerer,1,Gasmilla,2,General News,3,Ghana,16,Ghana Music,50,Grandpaa Beatz,1,Hip Hop,110,Hip Life,179,Hus Eugene,1,Ipappi,1,Israel,1,Iwan,2,Jamaica,1,Jay Twist,1,Jerusalem,1,Justin Bieber,1,K PEE,1,K. Songz. Famous,1,kobbystone,1,Kofi Metta,6,Kwao Kese,1,Lazzy Beatz,2,LazzyBeatz,1,Libya,1,Lifestyle,24,lilwin,1,Local News,137,Lovers Rock,1,Masaany,1,Medikal,1,Miytape,1,Mp3,9,Mr. Govenor,1,Mununkum,1,Music,929,NACHIMBA,1,NanaBeatz,2,Naterial,1,Nayo,1,News,1285,Nigeria,2,Nigeria Music,4,Nii Funny,1,Nzymm P.B,2,Odehyieba,1,Opem Beatz,1,OPK,1,Paa Kwasi Dobble,1,Palestine,1,Patapaa,1,Petra,1,Politics,80,Pop Skinny,1,Prospertiy,1,Punani,1,Quata Budukusu,2,Rap,1,Rayny,1,Reggae,2,Rekado Banks,1,Rihanna,1,Ronyturnmeup,1,Rudebuoy Ranking,4,Saforadu,1,Samini,2,sammy punches,1,Sarkodie,3,Shatta Wale,9,Showbiz,13,Sleepless,2,slider,2,Sports,109,Strongman,1,Subcidy,1,Technology,2,Teephlow,1,Tettey,1,Thiago Boy,1,U2JAY,2,Ugandan Music,1,Unda Beatz,1,Valentino,1,Video,1,Videos,150,Vox,1,VVIP,1,willisBeatz,1,Wisa Greid,2,Wiyaala,1,Wizkid,2,World News,148,Yaa Pono,4,Yolo Fame,1,ZacknationGh,1,ZigZag,1,ZSTRAD,1,
ltr
item
-Akbekent.com® : Teacher Trainee Allowances Is Not A Loan – Students Loan Trust Fund Explains
Teacher Trainee Allowances Is Not A Loan – Students Loan Trust Fund Explains
The Management of the Students Loan Trust Fund (SLTF) on Tuesday affirmed that Teacher Trainee Allowances is not a loan, and trainees will not be req
https://4.bp.blogspot.com/-Fes3ed2HGXU/WZQuvOYyq6I/AAAAAAAAH1g/OpmGg2Sb4tkUCiVhEz1o-0QNipa2HHIuQCLcBGAs/s320/teacher%2Bt%2Ba.jpg
https://4.bp.blogspot.com/-Fes3ed2HGXU/WZQuvOYyq6I/AAAAAAAAH1g/OpmGg2Sb4tkUCiVhEz1o-0QNipa2HHIuQCLcBGAs/s72-c/teacher%2Bt%2Ba.jpg
-Akbekent.com®
http://www.akbekent.com/2017/08/teacher-trainee-allowances-is-not-loan-trust-fund-explains.html
http://www.akbekent.com/
http://www.akbekent.com/
http://www.akbekent.com/2017/08/teacher-trainee-allowances-is-not-loan-trust-fund-explains.html
true
3641977388385945406
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy