Financing Education – National Student Loan Fund

The UPP has established the National Student Loan Fund (NSLF) through which low interest loans are granted to Antiguans and Barbudans wishing to pursue various courses of study.

The UPP launched the (NSLF) in June 2008 with an initial endowment of $2 million. The fund has been subsequently increased to $4 million.

The objective of (NSLF) is to provide financing to students who would otherwise find it difficult to access the resources needed to pursue their educational goals.

Under this Fund, Antiguan and Barbudan students who are eighteen years and older have the opportunity to receive a loan of up to $50,000 at an interest rate of 3 percent per annum.

The (NSLF) has provided loans to 65 Antiguans and Barbudans to pursue Undergraduate Studies, Graduate Studies, Post Secondary/Technical Education, and Vocational studies.

These students are pursuing associates, bachelors, and master’s degrees at accredited local, regional and international institutions.

The fields of study include accounting, management, computer science, surveying and land information, criminal justice, education, tourism and hospitality management and nursing.