Students Loan Trust Fund Releases Breakdown of What Teacher Trainees Should Expect

This is the breakdown of the new allowance policy as received from the Management of Students Loan Trust Fund by Coleman Publications.

It shows what trainees should expect for the 2022/2023 academic year in regards to their allowance disbursement by the Trust Fund.

“Please be informed that payment for this academic year(2022/2023) has began. There are, however, some new developments that is worth noting.

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Per a directive from the Ministry the feeding component and the number of months students spend on campus have been varied .

These have affected the amount paid directly to the students via their ezwich account.

1. The monthly amount per student is now GHC 159 (That given the variation of the students component to support the feeding component)
2. The number of months student are expected to stay on campus is now 5.8 month.
3. Therefore the annual amount payable to a student is the monthly amount multiplied by the number of months. (ie 159 x 5.8 = 922.20).
4. For systemic consistency and convenience, the 5.8 month have been approximated to 6months. This will enable equal installment amount for 6 month. This means that the amount payable to each student is GHC 922.20 divided by 6 ( i.e 922.20/6 = 153.70
5. The amount payable (GHC153.70) is then subjected to TTAG dues of GHC 4.00. (153.70 – 4.00 = 149.70)
6. GHC 149.70 would be paid every month for 6 months directly into the ezwich account of students.

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The leadership of the students body have been duly informed of the above development.