KINGSTON, Jamaica (JIS) — New and returning tertiary students are being reminded that the deadline to apply for Students’ Loan Bureau (SLB) funding is May 31, 2016.

“This is only for the general loan that people repay after they have completed their programme of study,” Public Education and Public Relations Manager Analisa Allen said.

She added that for the Pay As You Study, there is no application period.

“That product is different from the targeted loan in that this is repaid while you are in the programme via salary deductions. So, someone who is employed must take that loan. Similarly, with the postgraduate loan, there is no application period and repayment is via salary deduction on a monthly basis,” Allen said.

She is also encouraging prospective students to begin their application process, as an acceptance letter is not needed right now.

“When you get the acceptance letter, take it in. We try not to have people pre-empt or avoid applying until they get the acceptance letter, because it will be too late at that point,” Allen said.

She explained that persons having difficulties getting guarantors should inform the Bureau, “so that we can have dialogue with you as to how you go about doing a sole guarantor process”.

“We have also changed our policy recently to allow corporate guarantors. So, if an entity wants to be a guarantor, you can do that as well,” she added.