Sanielle Hinds, Project Assistant in the Office of Business and International Relations, UWI has assisted in creating a forum where prospective and continuing students of the University can aptly seek financial aid to further their studies.
“Basically the UWI finance fair was held as a result of the Government of Barbados introducing the tuition payment for Barbadian students and this is the second year for the fair…we invited various financial institutions like Credit Unions and Banks to come by and be on hand to discuss the various financial options to students… major credit unions such as Public Workers’ Credit Union, Barbados Workers’ Union, as well as UWI’s Credit Union and all the banks are here,” stated Hinds.
From UWI itself, there was the Bursary Department and Student Services in which the former offers payment plans. In this method, students will be allowed to sign up for a payment plan and pay their fees over a period of their choice, with the longest time span being a 12-month period. Signing up for the payment plan can only be done online and there is a mandatory $50 fee to register.
Hinds wants to remind prospective students that the tuition for UWI depends on the faculty that one is admitted to.
“The faculty of Law has a tuition fee of $8 808, the faculty of Medical Sciences are a few more thousand than Law and the remaining faculties of Social Sciences, Humanities and Education and Science and Technology are $5 625,” urged Hinds.
Payment plans are also available for Graduate students. Given that most of them pay approximately $30 000 for the degree, they can sign up for payment plans to cover their programmes as long as they have been accepted by the institution to pursue the degree. To this end, Hinds disclosed that the bursary can then be contacted to tailor a payment plan to suit their budget.
Speaking of contacting the bursary, persons hoping to enroll in the 12-month payment plan for the 2016-2017 academic year are asked to do so between July 1st and July 30th as the first installment is due on the 31st of July and the last installment on June 30th 2017.
In addition, a financial aid open house will held every 2nd and 4th Wednesday in the month of June on campus in MSSR 7 and 8 in the Leslie Robinson Building. During this time, representatives from faculty as well as the bursary are on hand to advise prospective students and continuing students on how they can pay their tuition.