Posted on

Pay up!

CAROL MARTINDALE, [email protected]

Social Share

People who borrowed money from Government to finance their education had better start paying up.
This, apparently, is the message from the administrators of the long established Student Revolving Loan Fund.
The fund is taking legal action against a number of borrowers to recover its money.
Notices have started appearing in the Press warning defaulters that unless they honour their commitments within 14 to 28 days after publication of the notice, action would proceed against them.
“. . . Judgment may be entered against you without further notice,” two of the three notices said.
Attorney-at-law Chester Sue is representing the fund, which Government set up under a 1976 act.
The purpose of the fund, which operates under the aegis of the Ministry of Education, is to grant loans to eligible Barbadians to assist in financing areas of study which are perceived to be of national priority.
Full story in the WEEKEND NATION

Leave a Comment

Your email address will not be published. Required fields are marked *

Maximum 1000 characters remaining in your comment.