Students' Loan Bureau to publish names
The Students' Loan Bureau (SLB) says come November 29, it will begin publishing the names and photographs of delinquent borrowers.
In a newspaper advertisement, the SLB said delinquent borrowers paying directly to the Bank of Nova Scotia, the National Commercial Bank or Bill Express must advise the bureau of their payments.
A borrower is deemed to be delinquent if he fails to make a payment to his account in 90 days or more.
It has been the policy of the SLB to publish the names and pictures of delinquents, even as it encourages beneficiaries experiencing difficulties to communicate with the bureau.
The SLB is owed more than two billion dollars by tertiary-trained graduates who have refused to or cannot repay their loans.