How to Access Student Loan Plus in Year 2 in Ghana – Complete 2025 Guide

Ferdinand | EducationGhana | July 05 |  How to Access Student Loan Plus in Year 2 in Ghana – Complete 2025 Guide

Learn how to access Student Loan Plus in Year 2 of tertiary education in Ghana—eligibility, application steps, required documents, repayment terms, and how it supports your academic journey beyond the No‑Fees‑Stress policy.

After benefiting from the No‑Fees‑Stress policy in your first year, the next step to maintain your academic progress is to apply for Student Loan Plus—the SLTF’s Year 2+ financial support scheme. This guide explains eligibility, application, amounts, and repayment for second-year and above students in Ghana’s public tertiary institutions.

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🎓 1. What Is Student Loan Plus?

Student Loan Plus is a low-interest government loan provided by the Student Loan Trust Fund (SLTF) to students entering their second year and above at accredited tertiary institutions in Ghana. It covers:

• Tuition

• Accommodation

• Books and essential materials

• Living expenses like feeding and transport

Unlike Year 1’s grants, this is a loan that must be repaid, typically after national service with a one-year grace period.

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👥 2. Who Is Eligible?

To qualify for Student Loan Plus, you must:

• Be a Ghanaian undergraduate (diploma or first degree)

• Attend an accredited public tertiary institution—universities, polytechnics, technical/universities, Colleges of Education, and nursing colleges—with programmes accredited by the NAB 

• Already have benefited from No‑Fees‑Stress in Year 1 (the credit is rolled over to Year 2)

• Demonstrate financial need through supporting documents

Weekend and evening students are eligible for Student Loan Plus. Sandwich programme students are not, unless classified under these categories .

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📝 3. Required Documents & Eligibility Criteria

To apply, you’ll need:

• Valid Ghana Card

• Student ID or official admission letter

• E-Zwich account or bank account for disbursement 

• Active mobile number and personal email

• Proof of financial need (if required)

SLTF has eliminated the previous guarantor requirement, making Ghana Card and biometric verification sufficient 

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💻 4. How to Apply: Step-by-Step

1. Visit the SLTF portal or mobile app

2. Register or log in with Ghana Card credentials

3. Navigate to “Apply for Loan” for Student Loan Plus

4. Complete the form and upload required documents

5. Submit your application and await review

6. If approved, funds are disbursed directly to your E-Zwich or bank account

Ensure your institution, programme, and status are correct to avoid delays 

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💸 5. Loan Amounts & Disbursement

Loan amounts vary based on your programme:

• Minimum: GHS 1,500

• Maximum: GHS 3,000+ per year

SLTF typically processes applications within two weeks after verification, provided all documentation is complete. Payments are made termly or annually, depending on institutional billing cycles .

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⏳ 6. Repayment Terms

• Repayment begins after national service, with a one-year grace period

• Interest rate is subsidized (~10–12%) to reduce repayment burden

• Multiple repayment channels: salary deductions, mobile money, online portal

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🔍 7. Benefits & Common Challenges

✅ Benefits

• Ensures continuity in education when tuition support ends

• Funds major expenses: accommodation, resources, living costs

• Eliminates guarantor obstacles

📌 Challenges

• Delayed applications may cause slow disbursement

• Incorrect account or ID info leads to mismatches

• Need for strict repayment compliance to avoid penalties infopeeps.com

Tips: Double-check account details, apply early, and stay informed via the SLTF portal.

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 Related Resources & Internal Links

• 🔗 2025 GES Academic Calendar – Plan to align loan application with academic deadlines

• 🔗 How to Set Up an SBA Record System – Use funding to track academic progress

• 🔗 How to Conduct Lesson Observations – Ensure classroom quality improvements

• 🔗 How to Write an Effective SIP in Ghana – Include loan support in school planning for student success

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🌐 9. External References

• SLTF Qualification Requirements – Official eligibility details

• SLTF FAQ – Eligibility & Programmes – Covers sandwich, evening programmes and more sltf.gov.gh

• SLTF Loans Page – Application conditions, documentation list

• MyJoyOnline – SLTF Guarantor Removal – Highlights Ghana Card-only access 

 

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