Gov’t, financial institutions in talks over tertiary funding

The government is working urgently with some financial institutions to find ways to fund the tuitions of some tertiary students.

Government officials met with a committee of bankers and financiers last week, to look at medium to long term measures for tertiary education funding.

The talks were called in light of the revelation by the Student’s Loan Bureau that it has so far secured less than half of the $4.2 billion needed for disbursements this academic year.

This has left many university students uncertain about continuing their studies.

Education Minister Ronald Thwaites said the heads of the financial institutions have been made aware of the extraordinary circumstances and they have expressed a willingness to help.

Thwaites said the task is now to identify the most suitable measures to make funding available to the students.

The talks between the government and the financial institutions are expected to continue this week.

Gov’t, financial institutions in talks over tertiary funding
Meanwhile, the education minister said parents need to be more proactive in securing the necessary funding for their children’s tertiary education.

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