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Sierra Leone News: Salone delegation in Accra to understudy it student loan administration

A five-man-delegation is currently in Accra, Ghana to understudy the Ghanian model as to what institutions were set up to manage their student loan scheme and it is the intention of the government to see what laws will fit the country in a bid to introducing its own.
As pronounced by the President, his Government will commence a National Student Loan Scheme in the second half of the 2018/2019 Academic Year. While the current grant-in-aid has inherent governance challenges, the proposed Student Loan Scheme will provide access to higher education for all students, irrespective of income level.
An InterMinisterial Committee comprising Ministries of Higher and Technical Education and Finance, University of Sierra Leone and NASSIT has been established to formulate policies and implement the scheme within a transparent legislative framework.
The team is in Accra to understudy the processes of student loan administration, managed by the Students Loan Trust Fund (SLTF), with the view to establishing a similar organisation.
A release issued in Accra at the weekend said: “The five-member team is made up of the Deputy Minister Technical and Higher Education, Dr Turad Senesie; the Deputy Director General of NASSIT, Mohammed Gondoe; a Senior Budget Management Officer, Osman Alpha Kamara, and the acting Director Fiscal Risk Management at the Ministry of Finance, Dr Alhassan Mansaray.
During the team’s two-week stay, it would be learning about the institutional setup, legal framework, business processes, financing model and the coverage of the Trust Fund. It would also be visiting partner institutions of the SLTF.
It was stated that during a courtesy call at the Ministry of Education, the group was given a historical overview of tertiary education financing in Ghana by the Minister of State, Tertiary Education, Professor Kwesi Yankah.
The Chief Executive Officer (CEO) of the SLTF, Nana Kwaku Agyei Yeboah, said the Trust Fund was happy to open its doors and share its experiences with Sierra Leone.
He called for greater collaboration and experience sharing among institutions in the sub-region.
By Zainab Iyamide Joaque
Friday August 09, 2018.

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