The Ministry of Education says the government has sourced 4-point-6-billion dollars in additional funding to enable the Students Loan Bureau, SLB, to meet its loan obligations.
Education Minister Ronald Thwaites made the disclosure last evening while addressing a forum on Financing Tertiary Education, on the Mona campus of the University of the West Indies, UWI.
Ronald Thwaites, Education Minister, speaking at the UWI, Mona campus last evening.
The SLB has received 14-thousand-6-hundred-and-48 loan applications for the 2014 to 2015 academic year.
Fifty-nine percent of those are from returning students, with the other 41-percent coming from new applicants.
Given the availability of funds, Minister Thwaites says the SLB will be extending the loan application period.
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