By Prince Moore
Beneficiaries of PATH who apply to the Students' Loan Bureau will not need guarantors to support their applications, starting this September.
Opening the Budget Debate in the House of Representatives on Tuesday, Finance Minister Dr. Nigel Clarke said the 'no guarantor policy' has reaped success with wards of the State, as the SLB processed 98 applicants from that category, up from 46 a year earlier.
In addition to extending the policy to PATH beneficiaries, the Minister announced that for fiscal year 2023/24, the SLB plans to make an additional 4,200 grants of $60,000 each available to students from PATH households or from households with total income of less than $1.5 million.
These students will also benefit from a waiver of application fees to access loans from the Students' Loan Bureau.
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