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SLB Goes Online Monday January 16!
Posted: Thursday | January 12, 2006

Students’ Loan Bureau Goes Online Monday January 16!

-Move designed to increase efficiency and eliminate last minute rush and bottle-neck in application process!


It is now considerably easier for the over 8,000 tertiary students who apply for loans from the Students’ Loan Bureau to do so, as they will now be able to apply from the convenience of their homes or the school library!

The SLB’s state-of-the-art web-enabled online application system, ‘SLB Online’ becomes available on Monday January 16, 2007, in time for the loan application cycle for the 2006/2007 academic year.

‘SLB Online’ will bring the SLB’s services nearer to the student-borrower, particularly those in rural Jamaica, by significantly reducing the time spent in line submitting applications in the Bureau’s offices.

Students can access ‘SLB Online’ by logging on to www.slbja.com, and following the simple instructions to fill out and submit their applications. A special application tutorial has also been built into the system to provide additional assistance and a customer help desk is being manned by SLB customer service agents.

Once the applicants have completed the form online, it will be checked by the SLB. Applicants will be notified in the event of any discrepancies, and guided to make the necessary corrections and resubmit. “Applicants who apply online will only be required to come to the SLB’s offices to submit the supporting documents required for the application process”, says the SLB’s Executive Director, Lenice Barnett.

Additionally, all applicants who apply online during the month of January will do so free of cost and those applicants who apply online as of February 1, 2006 will be able to pay the $300 application fee at any office of Bills Express island wide.

The new web-enabled loan application system will also seek to address the perennial problem of last minute application by borrowers; but the Bureau is quick to add that the system will only work if students use it. “It would be our desire for all our clients to apply online, and to make the last-minute April rush on the Bureau a thing of the past”, continued Mrs. Barnett.

Notwithstanding, the SLB is encouraging new and returning students to apply early, and not to wait until they receive their grades.

The SLB anticipates that there will be a considerable increase in loan applications for the new academic year, and wants students to avail themselves of the added convenience and improved service that the system brings.

Total SLB expenditure on loans in 2005 moved to over $802 million for nearly 6,000 students, while grant-in-aid to assist with cost of living expenses of the neediest of tertiary students reached $78.7 million, as the SLB widened the approval net for more students in the face of rising tuition fees and the general socio-economic difficulties being faced by many students.

 

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