The Student Revolving Loan Fund was established under the Student Revolving Loan Fund Act, 1976-20. It replaced the Higher Education Loan Fund, which was then administered by the Tertiary Section of the Ministry of Education, Youth Affairs and Culture.
The purpose of the SRLF is to provide loans to eligible Barbadians to assist in financing areas of study including various academic, technical and vocational programmes.
The project was mainly financed jointly by the Inter-American Development Bank and the Government of Barbados. In recent years the SRLF has been financed by the government of Barbados and receipts from borrowers.
The categories for financing are as follows:
These categories are applicable to the following: