Damion Mitchell, Editor - Radio & Online
The Students’ Loan Bureau (SLB) has started a campaign to expose borrowers it has described as delinquents.
In a full-page advertisement in yesterday’s Gleaner, the SLB published the photographs of 38 borrowers it says have been chronic delinquents.
The SLB also provided telephone numbers for anyone with information on the whereabouts of the delinquents to call the Bureau.
The borrowers had pursued training through various faculties at the University of the West Indies, the University of Technology and the Northern Caribbean University.
The executive director of the SLB, Monica Brown, has reported that the bureau is owed 2.9 billion in loans.
She told Parliament’s Public Administration and Appropriations Committee last month that since 2009 a total of 93 law suits have been filed against 280 guarantors to recover loans.
The SLB has recommended that changes be made to the law to allow mandatory deductions from the salaries of borrowers to service their loans.
The education minister, Ronald Thwaites has proposed that a system be implemented at the country’s airports to bar persons with outstanding bonds from migrating.
He also said the ministry is working with the financial sector to define the terms for student loans, in an effort to implement other means to secure repayment and put less reliance on guarantors.