Prime Minister Dr. Kenny Anthony is concerned about the number of students who remain in the United States or migrate to other countries, leaving the government of Saint Lucia with the burden of footing the bill for their student loans.
Bank of St. Lucia also raised the issue in a letter read by the prime minister in the House of Assembly on Tuesday as lawmakers debated a motion to guarantee a $3.3 million loan for students pursuing higher education overseas.
The financial institution stated that students were unwilling to meet their financial commitments upon completion of their studies.
Dr. Anthony further outlined a number of concerns raised by the Bank of St. Lucia, among them, the perceived notion held by some university graduates who believe they are not obligated to repay their loans because the government of Saint Lucia secured the funds.
The accreditation of students who pursued higher education in Cuba is another sticking pointing. The prime minister said government will have to update 75 percent of these loans worth about $350,000.