Repaying the student loan is easy; choose from any of the following
1. Bill Express
The Student's Loan Bureau has forged a partnership with
Bill Express as a source of collection. Loan payments can now
be made at any Bill Express location nationwide. Payments can also be made
online via the Bill Express Online service
www.billexpressonline.com . Register on the Bill Express Online
website to utilize this facility.
3. Salary deduction orders
4. Standing orders
5. Bank drafts
6. Post dated cheques
7. Pay directly to SLB accounts at any BNS branch Acc #: 3215-16 or at any NCB branch Acc#: 212656704 .
Please ensure that your name and TRN is attached to each payment
8. Pay at our offices at the Sagicor Sigma Building,
1st & 2nd Floors,
63-67 Knutsford Boulevard,
If payments are made at any of the two commercial banks please ensure
that the students name and Tax Registration Number are clearly
printed on the voucher.
The Bureau will determine the repayment terms
of the loan, taking into account the size of the
students debt and their ability to repay. Normally, the repayment
period will not exceed ten years.
The student may repay the loan in full or in part
at any time in advance of the date upon which you are scheduled to
start. The student may increase the amount and/or frequency
of the payments at any time.
Student loans are to be repaid with interest. Each
student has a maximum of ten years to repay the student loan including the
course of study. For example, a student doing a three-year course will have
seven years remaining to repay the loan. Interest is accrued at 12 percent
throughout the life of the loan. This is a variable rate and may be reviewed
from time to time. Students have the option to start repayment before the
course ends and they can choose to repay the loan in as short a time as
possible (i.e., the entire ten years do not have to be utilized (and) in fact
they are not encouraged to do so).