Hold Allowance Disbursement and Pay in Bulk Next Year – Trainee’s Suggestion to SLTF

A teacher trainee has suggested to the Student Loan Trust Fund (SLTF) that instead of disbursing their stipends bit by bit, the fund should accumulate the payments and make bulk payments next year.

The trainee argues that this will enable them to engage in more profitable activities with the accumulated money.

For the 2021/2022 academic year, the SLTF has disbursed almost GH¢ 1,600 to the trainees in small bits, making it difficult for them to use the money profitably.

The trainee is thus calling on the SLTF and the government to halt allowance disbursement and accumulate the payments for bulk payment next year.

While this suggestion may seem valid, it raises questions about the implications of such a delay. For instance, will the trainees be able to sustain themselves without the stipend until next year? Will the trainees be able to manage a large sum of money if paid in bulk, or will they squander it?

Though the trainee’s suggestion may have some merit, it remains to be seen if SLTF and the government will agree to it. It is important to consider the financial implications of accumulating the allowances and the potential impact it may have on the trainees’ financial planning.

In conclusion, the trainee’s suggestion is worth considering, but there may be other factors to consider before making a final decision. Ultimately, it is up to SLTF and the government to decide the best way forward in terms of allowance disbursement for teacher trainees.