The National Union of Ghana Students (NUGS) is advocating for an increase in the amount of money provided to students in the form of loans from the Students Loan Fund (SLF).
According to the group, the loan amount offered to students to help them pay their tuition should be increased from GHS3,000 to GHS5,000.
The president of NUGS, Master Denis Appiah Larbi, made this call in response to Vice President Dr Mahamudu Bawumia’s inauguration of the No Guarantor Loan Scheme on Wednesday, June 9, 2022.
On Friday, June 10, 2022, he talked on Accra FM.
He said that the raise will help students cope with the country’s economic difficulties.
He claimed that the loan should be raised in line with the country’s economic status.
“Because of the increase in fees, there is a need for an increase in the loan granted to students,” he stated.
He urged the government to hold off on charging interest on the loans until the recipients had completed their schooling.