What is Parent Plus?

The SRLF Parent Plus Loan helps qualified parents, guardians, and relatives support tertiary education or specialised training where direct student borrowing is not feasible or where costs go beyond the standard SRLF loan limit.

Who is it for?

Parent Plus may be useful for:

• Barbadian Citizens 
• Families of students under 18
• Parents, guardians, and relatives supporting tertiary study
• Families facing a funding gap beyond the SRLF loan limit
• Applicants needing help with qualifying related costs that affect security or processing
• Applicants who possess a good credit history.
• Preferred repayment option of a salary deduction

The Options

Prestige Loan

For parents, guardians, or relatives financing education directly on behalf of a dependent. Up to BDS $125,000.

Secure Assist Loan

To obtain funds to cover any cost associated with SRLF’s security assignment process. Up to BDS $20,000.

How is the Loan Secured?

Security & Surety Requirements

Collateral or surety is needed for loan amounts above $20,000:

• Up to $20,000: security or surety optional. 
• $20,001–$50,000: One surety or equivalent security.
• $50,001–$70,000: Two sureties and/or equivalent security.
• Above $70,000: Security is mandatory.