tle outstanding payments may be published in the local newspaper, sent to the Credit Bureau, and to the external debt collector. 7. Before a student account is transferred to any of the medium stated above, reminder and demand notices will be sent using the email and address the student provided. 8. Once a student’s account has been transferred to the external debt collector, a service charge for the collector will be applied to student’s account, as such we urge all students to settle promptly. 9. Students who are in arrears may be debited normal student privileges, including access to the library / medical services etc. 10. Students in arrears will NOT be able to access transcripts, awards or status letters, until the balances are settled in full. 11. Students are being reminded to ensure that they update their contact information on the system, so that they can receive notices, and any communication from the University. THE STUDENTS' LOAN BUREAU THE APPLICATION PROCESS The Students' Loan Bureau (SLB) funds tuition fees for studies being pursued at Universities – both publicly and privately owned, Community Colleges and Teachers’ Colleges, as well as other institutions approved by the Ministry of Education. The process of acquiring a loan from the SLB has evolved over the last four decades from a paper-based system of applications to being fully online. Applications for any of the three 3 loan types: The Targeted Loan, SLB PAYS Loan and Post Graduate Loan can be accessed by visiting the Bureau’s website – www.slbja.com. The SLB funds tuition and examination fees ONLY. Therefore, it is important to note that, if you have failed a module and you are repeating, the SLB will not cover the cost of that repeated module. SLB beneficiaries must take the FULL COURSE LOAD required by the institution for the specified academic year. The application period for each academic year usually commences in February and extends to May. Who is eligible to apply for a Target loan? • Jamaican citizens of ages 18 to 65 • Persons who will be pursuing studies or are currently attending an approved tertiary Institution Who is eligible to apply for a SLB PAYS loan? • Jamaican citizens of ages 18 to 65 • Students who have been employed in their current jobs for at least one year and whose places of employment facilitate salary deduction; • Parents/ Guardians/Spouse who wish to apply on behalf of the student and meet the above employment criteria “EXC E L L E NC E THROUGH KNOWL E DG E ” ST UD E NT FI NANC I A L SE R V I C E S 93
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