Students Loan Trust Fund Settles Allowance Arrears for 65,000 Teacher Trainees

Students Loan Trust Fund Clears Outstanding Allowances for 65,000 Teacher Trainees.

The Students Loan Trust Fund (SLTF) has announced the completion of payments for outstanding allowances owed to over 65,000 teacher trainees across Ghana. A total of 65,685 trainees from 46 public Colleges of Education have received their allowances, which were delayed for three months. 

This development brings relief to the trainees who were facing financial difficulties. The payment covers arrears for the 2023/2024 academic year and demonstrates the government's commitment to supporting teacher trainees. 

According to the SLTF, this initiative aligns with its mission to provide reliable financial support to students in tertiary institutions.

The SLTF has assured trainees that new measures are being introduced to prevent future delays and strengthen the consistency and sustainability of allowance payments. This move is expected to improve the financial management of the fund and ensure that trainees receive their allowances in a timely manner. 

The Teacher Trainees’ Association of Ghana (TTAG) has praised the government for clearing the arrears, citing it as a demonstration of their commitment to supporting teacher trainees. 

TTAG has also called on the Ministry of Education, Ghana Tertiary Education Commission (GTEC), and SLTF to release allowances for the first semester of the 2024/2025 academic year.

The payment of allowances to teacher trainees is a significant step towards supporting the education sector in Ghana. The government's commitment to providing financial support to trainees is crucial in ensuring that they can focus on their studies without financial distractions. 

The SLTF's efforts to improve the payment process and prevent future delays will likely have a positive impact on the trainees and the education sector as a whole. With this development, trainees can now look forward to completing their studies without financial burdens, and the government can take a step closer to achieving its goals for the education sector.

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