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Over $4 Million was paid out under the Student Loan Facility Assistance Financing Program

by: - November 30, 2021
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Minister for Education, Human Resource Planning, Vocational Training and National Excellence; Honourable Octavia Alfred

The Ministry of Education reported that over $4 Million was paid out under the Student Loan Facility Assistance Financing Program.

Speaking at the 2nd Meeting of the 2nd Session of the 10th Parliament on Monday, Minister for Education Hon. Octavia Alfred stated that 173 students benefitted from this program.

Hon. Alfred stated that the supplementary appropriation to this initiative of $4,109,639.44 facilitated charges to financial institutions for the 40% students loan debt relief.

The Education Minister insisted that the government will continue to support students in their pursuit of higher education. She pointed out the government offers scholarships, grants, and other incentives to encourage young people to attain tertiary education.

She then pointed out that, ‘The government is committed to supporting as many persons as possible in their quest to attain higher learning qualifications.’