SLTF INITIATES THE PROSECUTION OF EMPLOYERS
The Students Loan Trust Fund (SLTF), has taken a significant step in its quest to ensure the repayment of student loans. In an unprecedented move, the SLTF has initiated legal proceedings against the first batch of employers who have failed to comply with recovery of students loan from beneficiaries in the formal sector under the Students Loan Trust Fund Act 2011 (Act 820). At section 24, the Act imposes a statutory duty on employers to deduct loan repayments from the salaries of employees who benefited under the students loan scheme and remit same to the Trust Fund. The Financial Forensics