SLB Approves 99% of Loans

Minister of Education, Youth and Information, Senator the Hon. Ruel Reid, has informed that 99 per cent of loan applications received by the Students’ Loan Bureau (SLB) this year were approved.

Making his contribution to the State of the Nation Debate in the Senate today (September 22), he informed that more persons were approved for loans, as changes were made to facilitate individuals who were unable to identify guarantors.

“We made a statement to students, particularly those attending our Teachers’ Colleges, that where they have difficulties in finding a guarantor, the Ministry, subject to the agreement of a five-year bonding, will stand in the gap to become guarantor,” the Minister said.

Senator Reid said this forms part of the Government’s strategy to increase access to tertiary education for all Jamaicans.

The Students’ Loan Bureau is Jamaica’s premier student loan-financing organisation, committed to ensuring that qualified needy Jamaican students have equal access to financial assistance to pursue tertiary education.