Arguably, the number of student intake on campus persists each and every year hence mounts a level of pressure and place high demand on SLTF on the side of students who are one way or the other financially handicapped.
Student Loan Trust Fund (SLTF) was established in December 2005, under the Trustee Incorporation Act 1962, Act 820 with the main Aim of the fund to provide financial resource for the sound management of the trust for the benefit of students and to help promote and facilitate the national ideals enshrined in Article 28 and 38 of the 1992 constitution.
Pursuant to Article 28 clause 4 and article 38 clause 1, the establishment of this Trust Fund is not out of order and indeed it’s a good course in the right direction.
The afore paragraph on the establishment of SLTF has in it many but one main aim of the fund which is to provide financial resource for the sound management of the trust for the benefit of students. But to lending credence on the quote “realities have zero respect for theories”, it affirms it wholly.
It is quite unfortunate that in writing, provision seems to be that of an eyebrow raised one but in reality, management seems rather to be a sheer sham. The input of anything tells the output but with this display of SLTF it can obviously be seen and said that, the input is that of a shambolic.
SLTF. Release funds to beneficiaries now or never.
What becomes of the essence of a degree without a reputable job?
Likewise, what becomes of a late payment or release of funds which is supposed to be released as early as first 3weeks in inception of an academic year.
Late release of funds has now become “a dime a dozen” within the executions of the SLTF lately which brings about academic, emotional, and mental drawbacks on beneficiaries who are thence humiliated by school authorities due to owing hence being restricted from academic exercises like writing of Midtrims, not being entitled to key academic activities, and others.
The truth be told: beneficiaries are highly stranded with respect to paying of tuition fees, hostel fees, patronizing of academic materials, notwithstanding stipends to meeting daily campus demand. Alas.
Talk less of how shambolic the whole process of SLTF proceeds, it also stands to placing a higher demand on students with a whooping cough of 12% interest rate which needs to be checked closely, hence modify to advantage.
It is highly incomprehensible and inexplicable why SLTF always releases funds at a time where the purpose to which the fund was in demand of gets evaporated.
It is about time we call upon a deep voice to be in the forefront to man queries on behalf of ours.
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