Students' Loan Bureau Offers Debt Reset Programme

JIS Press Release - December 3, 2025

Applications are now open for the Students’ Loan Bureau (SLB) Debt Reset Programme, offering significant waivers for delinquent accounts and credits for those in good standing. 

The programme runs between December 1, 2025 and April 30, 2026.

SLB Executive Director, Nickeisha Walsh, said the programme is an opportunity for students to reduce their loan balances, eliminate accumulated charges and establish a more sustainable path towards repayment.

“It will allow the students to clear their arrears by SLB offering a 50 per cent waiver on your interest arrears, 100 per cent waiver on your charges and 100 per cent waiver on your insurance fees, and the student will be able to close this within five months,” she explained.

She was addressing Wednesday’s (December 3) post-Cabinet press briefing at Jamaica House.

The SLB has 35,360 active loans, of which 8,890 are current, 11,634 are delinquent and 14,836 loans are in moratorium. 

After enrolling in the Debt Reset Programme, students become eligible for a further two per cent reduction in their interest rate if they remain current for one year. 

“This will allow students now to reduce their repayment costs and also get an opportunity to have more disposable income,” Ms. Walsh said. 

She noted that the SLB will also reward students who continue to make their payments despite financial challenges.

“We will be giving $100,000 to be applied on all of those student loan accounts.

We have 8,890 students and come next week $100,000 will be applied to their account. This is about encouraging them to continue to be good customers,” she shared. 

Ms. Walsh encouraged SLB customers to take full advantage of the debt reset opportunity. 

“Bringing your loan current and maintaining consistent payments enables us to continue supporting the next generation of students,” Ms. Walsh said. 

For her part, Minister of Finance and the Public Service, Hon. Fayval Williams, said that the Government is proud to institute the programme.

“I am proud to say that despite [Hurricane] Melissa, despite everything that has happened, we're here today to announce this Debt Reset [Programme],” she noted.

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