JIS News

Government is seeking to create a trust to make more funds available to the Students’ Loan Bureau (SLB).
Prime Minister, Hon. Bruce Golding, said that the move will enable students to borrow more, match the repayment schedules to expected salaries, and have the loans spread over longer periods.
The Prime Minister was speaking with students of the University of the West Indies (UWI) on Tuesday (Oct. 6), who attended a Town Hall Meeting at the Assembly Hall on the Mona campus.
“We are going to have to secure significant new resources for the SLB in order to make more money available. We have to say to the students, don’t worry yourself, you will be able to borrow the additional amounts with a more appropriate repayment schedule. You have to assume greater obligations because you are getting to a level where you can command greater remuneration and therefore, we can align the payment of those obligations with the remuneration,” the Prime Minister stated.
Mr. Golding said that Government’s overall support for education cannot have any one level suffer at the expense of another, and tertiary education will be supported on a strategic basis.
“This country right now needs pharmacists desperately. We are seeing a shortage, so as a policy, we are prepared to provide student loans to persons to become pharmacists at a lower interest rate. That is a matter of deliberate policy because we need to create jobs, to create output to drive the economy,” he stated.
The Town Hall meeting was part of Taylor Hall’s Founder’s Week activities to celebrate the Hall’s 57th anniversary.

Skip to content