The Students’ Loan Bureau is Jamaica’s premier student loan financing organization committed to ensuring that qualified, needy Jamaican students have equal access to financial assistance to pursue tertiary education.
The Students’ Loan Bureau began operation in 1970, was made a statutory body in 1971 and empowered to issue loans covering a percentage of tuition fees to Jamaican students pursuing higher education at tertiary institutions.
The Bureau is able to lend because of its revolving loan scheme. Students borrow today to repay at the end of their course of study to ensure that succeeding generations of students benefit from the fund. Consequently, repayment of all loans is vital to the viability of the scheme.
In excess of 10,000 students apply for loans annually, and on average 99% of these are successful in accessing an SLB loan. This means that more than 9 out of every 10 students who apply for financing from the SLB are successful.