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Publication of SLB Delinquents.
Posted: Wednesday | October 05, 2005

 

D-Day approaches for publication of photos of chronic SLB Loan Delinquents

The Students’ Loan Bureau (SLB) will be stepping up its campaign against delinquent borrowers by publishing another batch of names and photographs in the press and electronic media of “chronic” delinquent borrowers over the next two months.

The photographs of over 20 delinquent borrowers will be published in all the major newspapers this Sunday, October 9, after exhaustive attempts by the SLB to contact and negotiate arrangements for settlement.

This will be followed by another publication on Sunday, November 27, 2005 during which time the Bureau also plans to publish photographs in the foreign press to seek out SLB beneficiaries now living abroad.


Faced with increasing demand for financial support from current tertiary students, the SLB says it has to be relentless in its efforts to significantly reduce the levels of arrears, and to secure the viability of the revolving student loan fund, which is a self sustaining fund no longer receiving external assistance.

The SLB is still appealing to all beneficiaries, (and their families), with accounts in arrears or who may be in doubt about the status of their accounts, to contact its Loan Servicing Department immediately. Where necessary, they should make arrangements to settle outstanding balances.

The SLB is also seeking the support of members of the public as well as Jamaican employers in its drive to collect. According to the Executive Director there is a collective benefit to be derived from greater collaboration.

 

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