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SLB repayment to be aligned to income
Sunday, November 01, 2009
Prime Minister Bruce Golding has reiterated his plan to have the Students Loan Bureau (SLB) repayment plan match to earning ability
Golding, speaking on his monthly radio call-in programme Jamaica House Live on Wednesday, 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."
Golding said the philosophy behind lowering student repayment is that educated persons are a long-term asset to the country and a student loan can be considered in the same way as a long term loan.
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