Proactive Employers who induce employees to pay; Proactive Employers who pay to the bank by themselves, Regularly, on time and add schedules in right format, and keep track of payments
Employers who pay on regularly but fail to add schedules; Employers who pay on time but fail to pay to the bank by themselves.
Employers who need prompting to pay; Employers whose payments are irregular and Employers who do not use SLTF approved format, but pay all the same.
By this publication the Students Loan Trust Fund sounds a final warning to non-compliant employers, be they Private, Public, NGOs, or Informal, to take immediate measures to comply with Section 24 of SLTF Act 820 (2011), in order to avoid sanctions.
The Students Loan Trust Fund is a public institution established under the Trustee Incorporation Act 1962, Act 106 to provide financial resources for the benefit of students and to promote and facilitate the national ideals as enshrined in Articles 25 and 38 of the 1992 Constitution. It is to replace the SSNIT Students Loan Scheme. The Students Loan Trust Fund Act 2011, Act 820 has been passed by Parliament.