The Students Loan Trust Fund (SLTF) has intensified its efforts to reclaim unpaid student loans, releasing a second batch of defaulters who have failed to meet their repayment obligations.

In a notice published in the May 30, 2025, edition of the Daily Graphic, the SLTF identified over 100 borrowers who have yet to settle their outstanding debts, despite multiple reminders.

The list provides detailed information, including borrowers' full names, their tertiary institutions, year of completion, total loan amount with accrued interest, and the names of their guarantors.

This move is part of the Fund's broader strategy to recover loans issued to students, ensuring continued financial support for future beneficiaries.

“We refer to the student loan you contracted with the Students Loan Trust Fund under the terms and conditions stated therein, whilst a student at the tertiary level in Ghana,” the notice stated.

It further explained that the borrowers had breached the agreement to begin repayment after the stipulated grace period following their completion of studies.

It added that "We refer also to the options in the loan agreements to pay off your loan during the period of your study; national service; one more year moratorium after national service, an average of eight (8) years additional repayment period, subject to your programme of study; withing which to pay off the loan and interest, and to which you have failed, neglected and/or refused to pay up".

This latest action follows a formal demand notice issued on March 5, 2024, which was delivered to defaulters and published in a national newspaper that “Consequent to this and in compliance with section 26 of the Students Loan Trust Fund Act 820, Act 2011, as amended by the Students Loan Trust Fund (Amendment) Act 2021, Act 1065, we hereby demand that you (the defaulters), and any other person(s) concerned, immediately pay the loan outstanding,” the notice read.

In accordance with Section 26 of the Students Loan Trust Fund Act 820, Act 2011, amended by Act 1065 in 2021, the SLTF has reiterated its demand for immediate payment of outstanding loans.

The notice explicitly warns that failure to comply within one month of publication will result in legal proceedings without further notice.

The list includes individuals who attended a range of tertiary institutions, both public and private, including the University of Ghana, Kwame Nkrumah University of Science and Technology (KNUST), University of Cape Coast, University for Development Studies, and several technical universities and colleges nationwide.

Some borrowers identified in the publication completed their studies more than a decade ago. For instance, one graduate from the University of Mines and Technology, Tarkwa, who finished in 2008, owes GH¢14,248.34, while another defaulter from KNUST has an outstanding debt of GH¢36,346.99 dating back to 2011. In certain cases, individual debts exceed GH¢30,000, including accumulated interest.

Alongside each borrower, the list also names their guarantors, who may now be held accountable for settling the outstanding debts. This approach underscores the SLTF’s continued use of public disclosure as a strategy to compel repayment, aiming to maintain the Fund’s sustainability for future beneficiaries.

The SLTF has encouraged affected borrowers to visit its website or contact its customer care centre for support and clarification.

Officials have signalled that additional lists may be published if loan recipients persist in neglecting their repayment obligations.

VKB/MA

Meanwhile, here’s why Bright Simons has vowed to fight Ibrahim Mahama's GH¢10 million defamation lawsuit