On Thursday, July 18, 2024, the Saint Lucia Development Bank (SLDB) proudly launched its highly anticipated Education Financing Program. This landmark event represents a significant step in the Bank’s commitment to enhancing educational opportunities for all citizens. The program aims to broaden access to quality education, regardless of economic background, and promises to be a crucial resource for students seeking financial support for their academic pursuits.
At the launch ceremony, Mr. Cornelius Sidonie, Managing Director of the SLDB, highlighted that student loans will be available at a competitive interest rate of 4.75% on a reducing balance. Additionally, a special provision has been made for marginalized students who meet specific criteria, offering an even lower interest rate of 4%. These favorable rates reflect the strategic vision of the program, which aligns with national educational goals and reinforces the Bank’s commitment to promoting socio-economic development.
The launch signifies a progressive approach to education funding. With strategic program design and support from The Caribbean Development Bank, SLDB is set to significantly influence Saint Lucia’s educational landscape, empowering future generations to reach their full potential. Citizens of Saint Lucia, especially those from developing backgrounds, are encouraged to apply for education financing. Interested individuals can visit us at our new headquarters located at 15-17 Brazil Street, Castries.