Student Loan Bureau Jamaica
Financing Higher Education

start_here_if_new_image_link
Custom Search




student_loan_bureau_jamaica

Student Loan Bureau Jamaica by C. Holness

The SLB |Requirements |Application |Approvals |Repayment |Contact

After completing high school studies, a large number of graduates have dreams of pursuing a degree or diploma programme at a tertiary institution to broaden their horizons and career opportunities in the future. 

Unfortunately, it can cost a sizable sum of money to accomplish this goal, as tuition, books, and other fees can really add up, and not everyone has the means of easily financing this on their own.  

The Students' Loan Bureau Jamaica has been responsible for improving the lives of thousands of bright, eager Jamaicans each year since 1970, when they first began providing loans for the pursuit of higher education. 

What Is The Student Loan Bureau Jamaica (SLB)?

This organization is dedicated to helping Jamaicans who are financially less fortunate attain their educational goals by issuing loans to cover a percentage of their tuition fees, making school a reality for them rather than an unattainable dream.  

It is able to continue to provide successive generations of Jamaican students with funding because those who have previously been given loans have paid them back upon completion of their studies, ultimately benefiting new applicants as it ensures that the necessary funds can be offered by the SLB.

Requirements For Loan At The SLB

In order to qualify for assistance, a student must have already obtained a passing mark in all required pre-requisites for his or her programme of interest and be eligible for entry into it.  

When applying for the first year of assistance, the student must present the officer of admission a letter from the tertiary institution of his or her choosing, but this will not be required in subsequent years. 

Other documents will be required in order to be given consideration such as ID, passport sized photo, TRN, letters of recommendation, employment letter and pay stubs as evidence of income.

The school one wishes to attend must also be on the SLB's list of approved schools.  

Click Here To Apply. Note: You will first need to create a profile setup.

Does The Student Loan Bureau Jamaica Offer Other Types of Assistance?  

Yes they actually do. Besides loans, the SLB also provides qualified applicants with non-repayable grants known as Grant-in-Aid assistance.

If students prove eligible through the Means Test they must first fill out, they will be automatically approved for these grants.

These funds are intended to act as a supplementary source of funding for school expenses and will be issued directly to the student's tertiary institution in the form of two payments spread out over two semesters.

How Easy is it to Get Approved for a Loan with the SLB? 

Approximately 99 percent of students who apply to the SLB for assistance will get approved. 

The reasons why someone's application may get rejected varies, but sometimes it is due to not being completely honest in the application process.

It is therefore highly encouraged for all applicants to be entirely forthcoming when they apply. Dishonesty means that the applicant is disqualified from re-applying for a two-year period.  

Applicants must also have at least two guarantors, those being individuals who are demonstrably able and willing to repay the loan in the event that the borrower cannot, without the proper financial backing of suitable guarantors, a prospective borrower may also risk being denied funding.

If Not Approved, Can An Applicant Appeal the SLB's Decision? 

Yes, it is possible to appeal when a student has been turned down for a loan in cases where circumstances such as dealing with a serious illness or injury, family tragedy etc. was responsible for the situation which lead the applicant to be considered ineligible by the SLB.  

He or she needs to provide a letter of appeal explaining these circumstances, and will likely need accompanying documentation as proof, along with a standard appeal form.

These will then be reviewed by a panel selected by the SLB for this purpose.

When Is The Loans Required To Be Paid Back?

This depends on the length of the course the student is enrolled in. Those who are taking a 3 or 4 year programme will be given up to 15 years from when they commence studies to repay the loan, and those in a 5-year programme have up to 20 years.  

Early repayment is permitted without penalty and is always welcome by the SLB.  Interest is added onto the amount borrowed at a variable rate which is currently 9 percent, but this is subject to change at any time. 

Students have a wide choice of ways in which they can make their payments; they can pay through their bank, directly to the SLB, using post-dated cheques, salary deductions, or via other approved payment agencies, for example, Bill Express. 

Making timely payments benefits everyone; the SLB, the borrowers, and those who wish to apply in the near future. 

Contact Information For The Student Loan Bureau Jamaica

The Student Loan Bureau Jamaica:  

63-67 Knutsford Boulevard (Sagicor Sigma Building)
1st and 2nd floors, Kingston 5,
Phone:  876-754-2559 

or visit them online at:  http://www.slbja.com

Return To Jamaican Schools From Student Loan Bureau Jamaica
Return To My-Island-Jamaica Homepage from Student Loan Bureau Jamaica

Related Pages

Recommended For You

P.S. Didn't find exactly what you were looking for? Still need help?

Click Here to try our dependable and effective Site Search tool, It works!

Or, simply click here to ask me the questionI'll do my best to get back to you within 24 hours!

And, Before You Go!

Here (below) are some sweet deals on great Jamaican products at Amazon that you might have otherwise missed.

Amazon.com, by the way, is the internet's most reputable retailer and usually showcases only the best products from their inventory.

As an ardent customer and affiliate I earn a small commission from your purchase, at no extra cost to you. So thanks in advance.

Note: If link does not show, please click here to be redirected to our page at Amazon.com.


Great Articles You Might Have Missed

data-matched-content-rows-num="2" data-matched-content-columns-num="3"

New! Comments

Have your say about what you just read! Leave me a comment in the box below.

Please help me get the message out by sharing this article with your friends on social media (links below). Thnx ;-)

Ready To Vacation?
Please Book With Us...

wellesley gayle - booking link

Was the information helpful to you?
Here is a great way to support our effort.

All you need to do is book your vacation via the reputable HotelsCombined.com search box below.

It can be for travel to Jamaica or anywhere else on earth.

They combine the best deals from across all major booking sites and shows you only the very best!

Not quite ready to book?  Start by searching (below) to get some amazing ideas now.

You are also welcome to join my special friends list and receive exclusive updates (like this), tips, trivia and stories from lovers of Jamaica! Just enter...

Also connect with My-Island-Jamaica.com on Social Media: 
Facebook | Twitter | Instagram | Youtube

Thank You!

copyscpe
Top Of Page
Wellesley Gayle

What's New? Click Here And See

SEARCH THE SITE



Trending Now

My Gift To You!

101 FACTS ABOUT JAMAICA
EMAIL IT PLEASE

Site Sponsors

jamaica_click_down_here_visit_our_sponsors

Our Preferred Sponsors  & Friends (below)

(Our Sponsorship Policy)

Photographers in Jamaica
Wedding Photographers
Jamaican Souvenirs
Best Jamaican Souvenirs Cars For Sale In Jamaica
Cars For Sale

JamaicaSunshine Tours.com

Click Here to Visit Our Sponsors' Page

Top Articles

What's New?

Below is a list of the very latest articles I posted on the site.

Recent Articles

  1. Jamaican Heritage In Her Hands

    Feb 24, 18 06:21 PM

    Jamaican Heritage In Her Hands - Interview With Rebecca Dayes by Wellesley || February 2018 Well you know how passionate I am about Jamaican culture

    Read More

  2. Kelly's Syrup

    Feb 23, 18 06:00 PM

    QUESTION about: Kelly's Syrup from Jamaica Hello Wellesley, I have tried to look for Kelly's Syrup here in Dover, DE, but have not been able to find the

    Read More

  3. Venue for family reunion

    Feb 23, 18 05:56 PM

    QUESTION about: Best Venue For Family Reunion On South Coast Jamaica Any idea on venue for a family reunion in St. Elizabeth or Manchester? I need a facility

    Read More

  4. The Obstetrics and Gynaecology Centre

    Feb 23, 18 08:09 AM

    The Obstetrics and Gynaecology (TOG) Centre provides obstetric and gynecological services for female residents of central Jamaica. Our professional

    Read More

New!  I've created a Welcome Audio. Just click the Play button below to listen.

Please subscribe here to get my latest updates.