Speaking on his monthly radio call-in programme ‘Jamaica House Live’ last week Wednesday (October 28), Prime Minister Bruce Golding reiterated his plan to have the Students Loan Bureau (SLB) repayment plan matched to earning ability.
Prime Minister Golding said said: “You probably know that we are introducing a new policy now. We can’t commit to it as yet, where we are going to align the repayment to your income so that you can borrow money from the Students’ Loan Bureau. You complete your degree and you get your job but to calibrate your repayments so that it takes into account your level of income. We have to put it to the SLB.”
He added that the philosophy behind lowering student repayments is that educated persons are a long-term asset to Jamaica, and a student loan can be considered in the same way as a long term loan.
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