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Can Nursing & Midwifery Trainees Apply for Students Loans | Check Here

Students Loans for Nursing & Midwifery Trainees

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Can Nursing & Midwifery Trainees Apply for Students Loans | Check Here

The Students Loan Trust Fund is a public institution established under the Trustee Incorporation Act 1962, Act 106 to provide financial resources for the benefit of students.

They are mandated to promote and facilitate the national ideals as enshrined in Articles 25 and 38 of the 1992 Constitution.

It is a state-owned agency in charge of disbursement of loans to all tertiary students in recognized institutions in Ghana.

Who Qualifies for a Loan from SLTF?

1. You are a Ghanaian
2. You have attained admission to study an accredited tertiary programme in an accredited tertiary institution in Ghana.
3. You are pursuing an undergraduate tertiary programme such as diploma or degree.

Documents Required for SLTF Loans

Do you need a Guarantor?

Initially, one needed a Guarantor before he/she could access a loan from SLTF.

However, the introduction of the No- Guarantor policy under the current regime has made it easier for students to access loans, as one will present only the necessary documents demanded by the fund.

Can Nursing and Midwifery Trainees Apply for Student Loans?
Even though public NMTC are in accredited institutions, and reading accredited programmes, they are not eligible to apply for the loan from the Students Loan Trust Fund due to the monthly stipends (allowances) they take.

The allowance is a grant from the government that need not be paid back.

It is a stipend to motivate the student teachers in the field of learning and also assist them to purchase learning materials for their learning journey.

Trainees can only apply for Loans from SLTF only if government stops giving them allowances.

However, trainees can go in for scholarships from institutions that are ready to offer them such assistance.

It is sad to also know some scholarship schemes are also not ready to support students at the NMTC due to the same trainee allowances.

Some claim it is enough to see them through college. Can Nursing & Midwifery Trainees Apply for Students Loans | Check Here