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Guyanese government to provide student loans to cover increased fees

Published:Thursday | August 21, 2014 | 1:18 PM

Guyana’s finance minister, Dr Ashni Singh, says his Government will be providing funding for loans to assist students at the University of Guyana with meeting the cost of the recently announced increased tuition fees at the school.



The minister says Cabinet concluded its deliberations on the matter Tuesday and decided that student loans will be granted to cover the new tuition fees.



The minister also clarified that, as before, the loans granted to finance tuition fees will not include the facilities fee which has historically been paid by students outside of the student loan arrangement.



As a result of this decision, Singh indicated that he had issued the necessary directive for the Student Loan Agency to begin processing loan applications immediately for the coming academic year.



He emphasised that the decision by Government to grant the increased student loans was made as a result of its commitment to ensure that no Guyanese student is denied access to university education because of affordability.



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