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Jamaica extends student loan repayment period to 10 years, plans further reforms for 2026.
Jamaica's Finance Minister, Fayval Williams, announced that starting in September 2025, new Student Loan Bureau (SLB) borrowers will have a 10-year repayment period, extended from seven and five years.
Loan rates will not increase.
The government plans further reforms, including higher loan amounts and lower interest rates, to cover tuition, housing, books, and laptops, with changes expected by September 2026.
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Jamaica extiende el período de reembolso de préstamos estudiantiles a 10 años, y planea nuevas reformas para 2026.