National Union Of Ghana Students, has called on government to review the Students’ Loan policy that allows interest to be charged on the loans while students are still in school.
Speaking on Plan B Fm’s Ebaanosen hosted by Bohyeba Afriyie Mr Anthony Julius, press secretary for NUGS stated that charging interests on the loans while students are in school defeats the essence of the SLTF, which is to cushion beneficiaries.
“Are you aware that interest is charged on the loans students take even whiles they are students? We are appealing to the good office of the president to take this matter up and do something about it
In addition to this, he urged the government to ensure that the disbursement of the loans to beneficiaries is timely.
Mr Julius said the delays in the disbursement cause untold hardships to students and affect their academic performance.
“On behalf of the ten million students in Ghana, I would like to extend my appreciation to government for the implementation of this landmark policy” he said.
Meanwhile, he advocated an increment in the amount paid to beneficiaries, saying the current amount of ₵3,000 per academic year is inadequate for many students.
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