Sun | Oct 21, 2018

UWI guild welcomes additional funds for SLB but issues warning

Published:Wednesday | September 24, 2014 | 2:53 PM

The Guild of Students of the Mona campus of the University of the West Indies (UWI) says it welcomes news that additional funds have been allocated for the cash-strapped Students’ Loan Bureau.

However, it is warning that the authorities should not allow the scrambling for funds this year to be repeated in the future.

Yesterday, Education Minister Ronald Thwaites announced that the SLB’s $1 billion shortfall is being covered through a revolving loan of $500 million from another Government agency and from the education tax.

Thwaites said as a result of the additional funds, the SLB is extending its application intake period.

President of the UWI, Mona Guild of Students, Lerone Laing says the panic and concern of hundreds of students will now be eased.

He stresses that a sustainable policy on the funding of tertiary education in Jamaica needs to developed.

The SLB had a loan demand of $4.6 billion for the current academic year.


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