One financial house says it will be responding to the rising cost of education in Barbados by pumping more money into its annual scholarship programmes.
Chief executive officer of the City of Bridgetown Co-operative Credit Union Ltd, Glendon Belle, said yesterday that though they had already started the ball rolling this year by increasing funding from $100 000 to $150 000, an even more comprehensive venture was in the pipeline to help students and their families from the primary to the tertiary levels.
“From next year we will actually be revamping the dollar criteria because education has become more expensive over the years so we will be reviewing those numbers, especially with what has happened recently at UWI,” he said.
He was referring to the announcement in the Budget last month that Government planned to stop paying the tuition fees of Barbadian students at the University of the West Indies next academic year in a move to save $42 million a year. (CA)
