Student Loan Trust Fund publishes names of defaulters and their guarantors (LIST)
The Students Loan Trust Fund (SLTF) has released a second batch of individuals who have defaulted on the repayment of their student loans, as part of an ongoing effort to recover outstanding debts owed to the state.
In a notice published in the May 30, 2025, edition of the Daily Graphic, the SLTF listed over 100 borrowers who, according to the Fund, have failed to honour their repayment obligations, despite repeated reminders and notices.
The published list includes the full names of borrowers, their respective tertiary institutions, year of completion, the total loan amount with interest, and the names of their guarantors.
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“We refer to the students loan you contracted with the Students Loan Trust Fund under the terms and conditions stated therein, whilst a student at the tertiary level in Ghana,” the notice stated. It further explained that the borrowers had breached the agreement to begin repayment after the stipulated grace period following their completion of studies.
"We refer also to the options in the loan agreements to pay off your loan during the period of your study; national service; one more year moratorium after national service, an an average of eight (8) years additional repayment period, subject to your programme of study; withing which to pay off the loan and interest, and to which you have failed, negelected and/or refused to pay up".
This action follows an earlier demand notice dated 5 March 2024, which the SLTF said was served to the defaulters and also published in a national newspaper. “Consequent to this and in compliance with section 26 of the Students Loan Trust Fund Act 820, Act 2011, as amended by the Students Loan Trust Fund (Amendment) Act 2021, Act 1065, we hereby demand that you (the defaulters), and any other person(s) concerned, immediately pay the loan outstanding,” the notice read.
The Fund warns that failure to settle the debts within one month of publication will lead to legal action without further notice. The total amounts owed by individual defaulters vary, with some exceeding GH₵30,000 including interest.
The borrowers named in the publication attended various public and private tertiary institutions including the University of Ghana, Kwame Nkrumah University of Science and Technology (KNUST), University of Cape Coast, University for Development Studies, and a range of technical universities and colleges across the country.
Among the defaulters are individuals who completed their studies as far back as 2008. For example, one borrower from the University of Mines and Technology, Tarkwa, who completed in 2008, owes GH₵14,248.34. Another defaulter from KNUST owes GH₵36,346.99, with the loan dating back to 2011.
Also prominently listed alongside each borrower is the name of their guarantor, many of whom may now be held liable for the outstanding debts. This move marks a continuation of the SLTF’s decision to name and shame, a strategy aimed at improving loan recovery by placing public pressure on defaulters.
The Fund urged borrowers to visit its website or call their customer care centre for assistance and clarification. It further reminded the public that the SLTF was established to support tertiary students, but its sustainability depends heavily on the repayment of loans by beneficiaries.
This publication represents the second batch of loan defaulters made public by the SLTF under its 2024/2025 recovery efforts, with officials signalling that further batches could follow if borrowers continue to ignore repayment obligations.
See the entire public notice below;
