• JIS News

    Education Minister, Hon. Andrew Holness, has said that the Government is looking to increase the capital base of the Students’ Loan Bureau to enable more students to access tertiary education.
    He said that the current capital of under $3 billion is “just not enough” and that about $20 billion is required to adequately meet needs.
    “We need to expand the capital base of the student loan to about $20 billion and once we have expanded that, then we can, overtime, remove the direct subsidy to the universities,” he said, noting that the grant would then become student-based.
    The Education Minister was addressing the opening of the 9th annual conference for the Association of Caribbean Higher Education Administrators (ACHEA) this week at the Sunset Jamaica Grande Resort in Ocho Rios, St. Ann.
    In the meantime, he said that plans are underway to implement a national savings programme for tertiary education, which will involve contribution by parents.
    “Parents will be encouraged to save and the Government will have to contribute to that savings to make sure that every child, once they matriculate, can have at least a part of the payment for tertiary education,” he said.
    The three-day conference was held under the theme: “Reforming Higher Education: Implication for Caribbean Administrators.”