Students ditch St. Lucia to avoid repaying student loans

50
Students ditch St. Lucia to avoid repaying student loans
Prime Minister Dr. Kenny Anthony
Prime Minister Dr. Kenny Anthony

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.

(0)(0)

No posts to display

50 COMMENTS

  1. Lol...You I just read through most of these comments and it is apparent that they are mainly based on assumptions and false allegations.

    (0)(0)

  2. Hi everyone, I am a current student at a U.S institution who received funding from the government. I will be graduating in May and my first loan payment is due in September ($605 U.S/month). I am committed to paying my loan, heck, I want to be in St. Lucia! The problem? I got accepted to a 5 year Ph.D. program with a full scholarship and a job (enough to pay rent, food, transportation and living expenses). The government has been uncompromising in that they will not freeze my loan and request payments immediately. In all honesty if I coud have paid I would, but given the situation I can't. You can believe me or not but I do want to return to St. Lucia because I know I can make an impactful contribution. So the dilemma? What am I to do when I have expressed my situation to the government, should I go steal for them? It's not like I will be lounging around in the U.S; I will be continuing my education! Advise?...P.S I'm only 21

    (0)(0)

  3. Could it just be a case that we St lucians are a bunch of lazy people? We expect that we should be spoon fed our whole lives. I am sure that the terms and conditions of these loans were explaind before the sutdents signed off on the documents. It was all well and good then. You knew of your financial status before you left. You also knew of the country's status in terms of jod availability before you left. You took the responsibility any way. I think it is just unfair that you would not want to pay back your loan. So what now we going to blame goverment for high interest rates to? We need to stop playing the blame game and expect persons to feel sorry for us and own up to some of our flaws. If some can suffer and pay back why cant the others. Grow up a little people. GOSH!!!!!

    (0)(0)

  4. Fix it or cancel it......... a way must be found so that the country isn't left with the bill............There are other cheaper avenues to educate our youth. How about making more use of cuba, taiwan, china and mexico which will be cheaper for both the students and the government.

    (0)(0)

    • I agree with you "fix or cancel" ........ and to those who laugh, you obviously don't know the value and marketability of knowing a foreign language.

      (0)(1)

  5. "I just graduated I havent paid in three months no job. bank of saint Lucia sent me a bill for EC$8000. thats what i owe them in three months since i graduated. well i am happy to say this is US$3000. these guys have a plan for us children they robbing us blind. well both the government and bank could kiss my…. all of you talk BS please pay without a job. try to pay you aholes. youre not in the situation shut up. and what if they publish names? who cares, what will that do? i will be glad i took a loan out to go to school and not to go buy a house i couldnt afford or a car. thank you for the opportunity saint lucia but fix this process. stop lying to the public. this wasnt a student loan it was a REMAIN POOR sentence !!!!"............ SHAMEFUL THE MENTALITY OF SOME STUDENTS. IS THIS WHAT ST. LUCIA DESERVES? SMH

    (0)(0)

  6. "I just graduated I havent paid in three months no job. bank of saint Lucia sent me a bill for EC$8000. thats what i owe them in three months since i graduated. well i am happy to say this is US$3000. these guys have a plan for us children they robbing us blind. well both the government and bank could kiss my…. all of you talk BS please pay without a job. try to pay you aholes. youre not in the situation shut up. and what if they publish names? who cares, what will that do? i will be glad i took a loan out to go to school and not to go buy a house i couldnt afford or a car. thank you for the opportunity saint lucia but fix this process. stop lying to the public. this wasnt a student loan it was a REMAIN POOR sentence !!!!"............ THIS MENTALITY IS WHAT ST. LUCIA SPENT MONEY ON SMH

    (1)(0)

  7. Lol its funny how people insist on talking about taxpayers money. Some of these people must be party hacks cuz our leaders have been misusing taxpayers money for years! Be happy this time it was used for something meaningful

    (0)(0)

  8. I for one, do not believe that anyone would have left Beautiful Lucia, if they could get a decent paying job. But if they left and do have a job, then they should try and repay somehow. Perhaps we should have our own University of the OECS, which will make it cheaper and the money will stay, circulate and help the economies. It's the economy, stupid.
    I hope they are not trying to cancel the program though cuz it would be disastrous for the Country. An education should not cost that much in the first place, it's highway robbery.

    (0)(0)

    • YES THE PROGRAM SHOULD BE CUT WITH IMMEDIATE EFFECT!!!! it is fundamentally flawed and the students know that. Few with a conscience or other reasons have returned and are trying to negotiate repayment plans BUT taxpayers are suffering from the ones who have turned their backs! ..................until the government arrives at a plan to secure MY taxes this program should be cut.

      (0)(0)

      • Have you ever heard of the phrase, 'pay now or pay later?' It is cheaper to pay for schooling and get the youths educated, than giving them no choice, hopelessness, no way out and they eventually become a nuisance to society. You could be a victim of crime because we all neglected them when we had a choice. Look around and you'll see why.
        I prefer that we educate people, like Ireland for example, and export them if we can't find jobs for them here at home...pay now or pay later. If only we had paid a long time ago, then we wouldn't have this level of criminal activity that we have today. Political failure!

        (0)(0)

      • You sound like and RETARD. What Taxes??? Maybe you should take a loan out to go educate yourself and if you are maybe you should go get another degree. Why would you cut a program that seeks to educate our youth. I am upset at the students you choose to not to come back and negotiate but sadly I also sympathize with them. Why would they want to come back to a lagging economy and be forced to pay this loan? Is there a placement program to give jobs where they can earn enough money to pay off this loan. I highly believe that the only students that came back were the ones that could not find a good job in the US. Two political parties riddled with flawed policy and wasteful political spending, accepting kickbacks to sell off the country and yet you talk like you're ready to crucify these kids? yet we force our future leaders to go to school with a deal to make BOSL wealthier than they are already. All other caribbean countries sedn their youth to school free of charge. Yet everyone has to take a student loan in St. Lucia but the politically connected and elite in this nation (P.S. The very ones who can afford do not pay a dime)And you talk about YOUR TAXES !!! Do you not find it odd that so many students are ditching their obligations? I know a few students. students their parents cannot afford to cloth them, yet the bank is asking that they pay interest on the loan while they are in school? I have never heard of such utter nonsense. For any students reading this, my prayers and thoughts are with you all and I do hope that you guys are able to reach some sought of agreement with the bank and the government. for the rest of you trying to criticize these students, take a good look at yourself, have you never done anything unethical in your life? Have you ever done anything you are not proud of? if the answer is yes you are in no position to judge.

        (0)(0)

    • In Trinidad & Tobago, broke Jamaica, small St Vincent and tiny St Kitts (which has a perilous economy) the Government contributes a portion ... if not all to student's tuition.

      Because in the end educated St Lucians will benefit St Lucia.

      But this obvious policy has been conveniently lacking from a fairly buoyant economy of St LUcia.

      (0)(0)

  9. Okay, this topic hits home for me since I was a recipient of study leave with pay a few years ago. Thankfully i finished successfully and I am now back serving my bond. But trust me, it was a tough decision to make to come back here to the same job but in a higher grade. Many opportunities arose for me during my three years abroad that had me questioning whether I really wanted to return here. Unless you've lived in the place and go through a few things, you won't understand. The avenues and scope for development overseas is so much wider than here, but in the end my good conscience prevailed and I decided to come back to serve what I signed up for in the first place. Before you are granted leave or a scholarship, the conditions upon completion are outlined to you clearly so you know very well what you are getting into. In my mind, it's up to you to do what's right and either pay back or come back to serve your time.

    (0)(0)

  10. This is not nice. Nobody is against these students getting jobs overseas. If you have a job this means you are receiving a salary in "US dollars" therefore just pay your damn loans! Someone made the sacrifice to secure a loan for you now you make the sacrifice and own up to your responsibility. Its only a few who make life harder for the rest who really deserve opportunitites like this. Never bite more than you can chew!

    (0)(0)

  11. Wasn't the students informed of the interest before hand,and why do some of them think that this ,yes our country owes them anything,pay back what you owe,its true you don't have a job ,but come on you are the educated one with the degree dont hide from your responsibility, pay up if you can,that's my suggestion

    (0)(0)

  12. All you guys talking about not getting jobs back home so you staying maybe true but my wife was a student and is now working in the USA. But she is paying her loan back and honoring her commitments. I am bonded to lucia and I will be returning to serve my time. I have gotten many job offers in the USA but I view that giving back to my country is very important. These dead beats who don't pay their loans back should stop justifying STEALING MONEY from the bank and the country. Then all you guys could say lucia doesn't have any thing, how could we when the successful people don't reinvest in the country.

    (0)(0)

    • Were you not paid while you were going to school? did you not receive your salary from the government every month which is why you are bonded? SPEAK the truth you enjoyed life at school you got a salary. you are in no position to judge this students because you do not know what they are going through it was nothing like you experience so STFU!!!

      (0)(0)

  13. If there is an increasing number of students not paying there loans, then the government should get a better system of tracking and keeping tabs of those who take loans. If the progress of each student who takes a loan is track, then when they have a job whatever money which can be budgeted to help pay back that debt should be paid whether its 2 dollars or 5 dollars. Eventually draining St.lucia is Gona make things more difficult for ppl at home. IF A MAN GIVES HIS WORD TO PAY BACK A DEBT..HE SHOULD DO SO.....not all of us are lucky to get a loan. Just show that initial appreciation that you first had wen the loan was approved.....don't leave St.lucia out to dry...Booth's sides of the coin should be smart and compromising................................COMMON SENSE.

    (0)(0)