NSRL should be used to support tertiary education, says Adams

Independent Senator Alwin Adams has suggested that if the National Social Responsibility Levy (NSRL) is successful, it should be used to provide sustainable funding for tertiary education in Barbados.

“I do not mean just at the University of the West Indies. I want to say that it is important because at the moment whatever else may be said students and others concerned are not convinced that the present system is working well. So I am suggesting that an initiative be taken, that part of the money coming from this tax ought to go into helping to set up a properly capitalized fund,” Adams suggested during debate on the Amendment of the National Social Responsibility Levy Bill 2017 in the Upper Chamber today.

Earlier this month Minister of Finance Chris Sinckler reported that Government had so far raked in over $50 million in revenues from the NSRL after it was increased by 400 per cent on July 1.

With the tax said to be performing well within expectations, the former principal of the Coleridge & Parry School called for support to be given to tertiary students since in his estimation the student revolving loan scheme was not working in their favour.

Adams also called for Government to enter into discussions with financial entities, such as the credit unions and the commercial banks, where there were “billions of dollars in excess liquidity”.

“The fact is we will get to know what the quantum ought to be and we will have a fully capitalized fund set up. Having set up the fund, all students particularly students from the disadvantaged communities whose parents would not be able to find the funds to pay the fees should have access to the funds.

“In this country no student should be having to run here and there in order to get funds to go to university. Once the criterias are met, then these students should have access to the funds,” Adams stressed.

“They should be able to administer the fund in a very professional manner to make sure that having seen the experience of former funds running into . . . bad debt, I am sure that that would not happen to this fund. Therefore the fund would be properly administered and students would know for sure they can go and have the funding so long as they have the necessary qualifications,” Adams explained.

3 Responses to NSRL should be used to support tertiary education, says Adams

  1. Levi Mayers
    Levi Mayers October 25, 2017 at 11:13 pm

    not my blasted money!!! let my money be spent on healthcare, transport, or sanitation something that benefits everybody.

  2. Greengiant October 26, 2017 at 3:14 pm

    @ Levi Mayers: I guess you had the benefit of a private education. The Government needs to address the dept to the
    U W I as well, so the U W I can set up their independent financing for students. I’m sure that if they had that money, they would have looked at that option by now.

    Give the U W I their money, let them create a business model to self finance students at low interest rates. We have entered the age of U W I self financing. This is reality not rocket science. That’s why I constantly say we need politicians with new, developmental ideas. This lot in the B L P and D L P don’t have the open mindedness to lead us out of this crisis and we should not vote for them.

    We are still in the mode of waiting until elections are called to present manifestos, or ideas for the betterment of the people, and the silly supporters of these parties get here everyday championing their sad causes. So in the name of winning an election the people must endure the economical suffering until an election is called. How could they claim to care about the people and be taking that approach? I can distinctly remember Owen telling Thompson when challenged on the floor of parliament,
    “tell the people of Barbados if you become prime minister tomorrow what you would change to make their lives better”.

    What has suddenly changed now? Why should we return to an obviously divided bunch because we think they’re better that this government? Why can’t we pursue an alternative party after we only removed the B L P less than a decade ago? Are we so politically gullible?

  3. hcalndre October 28, 2017 at 4:52 am

    With this bunch that boast of getting their free education at Cave Hill and 95% comes out as dishonest attorneys and get into politics and have the country on its knees and get rich, why should the people not make a fuss about where their taxes are going. This NSRL is going to pay the Civil Servants, fix the roads, buy buses and sanitation vehicles, wipe out the deficit with some change left over said the MOFailure and last but not least pay for the education for the students at UWI? WOW!


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