i) Government Guaranteed University of The West Indies (U.W.I.) Student Loan.

ii) Republic Bank Student Loan.

Below are the requirements necessary to qualify for these loans.

i) Government Guaranteed U.W.I. Student Loan

The applicant must:

• Be a national of Trinidad and Tobago.
• Be enrolled as a full-time student of The University of the West Indies, The Hugh Wooding Law School or The Institute of International Relations.
• Have a pre-tax family income of TT$150 000 or less per annum, except for students registered at the Mona Campus (Jamaica) in which case pre-tax family income of TT$250 000 per annum or less will apply.
• Have a joint borrower or guarantor (ideally your parent or guardian) who can manage the loan repayment. This joint borrower or guarantor must be 18 years or older.

ii) Republic Bank Student loan

The applicant must:

• Be enrolled in an institution of higher education.
• Parent or Guardian may access the loan in their names solely. Mandatory if the student is under 18 years old.
• Meet the Bank’s normal lending requirements with respect to debt servicing, income and security/collateral where applicable.

• You must be at least 18 years old or have a joint borrower who is at least 18 years old.
• Have a minimum monthly income of $1,500.
• Be continuously employed for (1) one year or recently graduated.
• Meet the Bank’s normal lending requirements with respect to debt servicing.

If you are a full-time student with no source of income you will need:

• A co-borrower to join in the loan.
• Two (2) forms of identification for each party e.g. National Identification Card, Passport, Driver’s License.
• One (1) recent Utility Bill of place of residence or a Board of Inland Revenue Tax Certificate in the co-borrower’s name.
• An up to date job letter and a recent salary slip for the joint borrower.
• Invoices/bills and estimates as appropriate to verify the costs including the study programme, books and accommodation.
• A letter of acceptance from an educational institution.

• Two (2) forms of identification for each party if applicable e.g. National Identification Card, Passport, Driver’s License.
• One (1) recent Utility Bill of place of residence or a Board of Inland Revenue Tax Certificate in the co-borrower’s name.
• An up to date job letter and a recent salary slip for each borrower.
• Invoices/bills and estimates as appropriate.
• A letter of acceptance from an educational institution.

1. Loans in excess of TT $125,000 will have a maximum repayment period of fifteen (15) years.
2. Loans between TT $75,000 and $125,000 will have a maximum repayment period of ten (10) years.
3. Loans under TT $75 000 will have a maximum repayment period of seven (7) years.

The interest rate applicable on these loans during the period of study vary depending on the average of the Prime lending rates of the Banks participating in this programme. The actual interest rate that is offered to the applicant is well below the Bank’s Prime Rate because it is subsidized by the Government of Trinidad and Tobago.

On completion of the course of study, the interest rate increases to Prime Rate.

ii) Republic Bank Student Loan

The interest rates may vary between 1% and 21/2% above the Bank's Prime Rate depending on the length of the period of study. You can obtain the current interest rate from any branch of Republic Bank or on our website at republictt.com.

A maximum loan of 90% of the cost of the respective study program.

ii) Republic Bank Student Loan

The Bank usually finances between 80-90% of the total cost of the respective study program. However, in some instances the bank will provide 100% of the financing.