The National Student Loan Fund(NSLF) supports the educational development of our nationals by providing affordable financing that assists Antiguan and Barbudan students to undertake various courses of study. The intent is for these students to ultimately contribute to the economic and social development of Antigua and Barbuda. Eligible areas for financing: Undergraduate studies Graduate Studie
s Post Secondary/ Technical education Vocational Education
In order to qualify for a loan, applicants must meet the following criteria: Be a citizen of Antigua and Barbuda Be at least 18 years of age Be enrolled or accepted for enrollment in a program me offered by an eligible institution Be pursuing or propose to pursue a full time course of study approved by the Student Loan Advisory Committee
Loan Details:
1. The maximum loan amount is $50,000. However, there is no guarantee that the amount requested will be the amount approved.
2. The loan will be disbursed to the student in installments in accordance with the period of study. All disbursements will take place in the month of August each year.
3. The interest rate on the loan is 3%.
4. Loans shall be repaid in monthly installments over a period of not more than 10 years.
5. All applicants will need to provide the name of 2 sureties who must be employed and reside in Antigua or Barbuda.
6.Once an applicant receives a student loan , he/she cannot apply for or receive another loan from NSLF until he/she has repaid the existing loan.
7.If an applicant receives a full scholarship that covers all costs related to his/ her program me of study, the he/she will not be eligible for an NSLF loan. Obligations of the applicant: The student must attend the educational institution and pursue the programme of study for which the loan is approved. Any transfer must be approved by the Student Loan Advisory Committee. After completion of the programme of study the student must work in Antigua and barbuda for at least two(2) years.
