Antiguans Complete Studies Through Loan Fund

StudentsAntigua St. John's - From its inception in 2008 by the United Progressive Party Government, 538 people have received loans from the National Student Loan Fund (NSLF), with 81being 2013 recipients.

To date, about 270 persons have successfully completed their course of study.

The National Student Loan Fund is administered by a Student Loan Advisory Committee and offers loans of up to $50,000 to Antiguan & Barbudan students who are at least 18 years at an interest rate of 3 percent per annum.

Since the inception of this programme, a significant number of students have completed their studies and are making payments into the NSLF Repayment Fund.

As a result, the government can now allocate $1.9 million towards the NSLF instead of the original $2 million. The funds generated in the NSLF Repayment Fund allow the Student Loans Advisory Committee to supplement the amounts from the Consolidated Fund so that loans of $2 million can be allocated each year.

As more and more students honour their responsibility to repay the amounts received from the NSLF, the demands on the Consolidated Fund for this programme can be expected to reduce.

Of the 2013 recipients, three are pursuing doctoral studies; ten are pursuing masters degrees; 63 are pursuing first degrees; three are pursuing associate egrees; and two are pursuing professional licenses and diplomas.

The several areas of study include: Educational Leadership; Counselling Psychology; Environmental Studies and Engineering.

Reporting by Caribarena news, publishing by Ofer Shaked.

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1 Comments In This Article   


RE: Antiguans Complete Studies Through Loan Fund

#1 fed up » 2014-04-10 10:26

when you come home...no job there for you

fed up

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