About the STFB Scholarships
WHO CAN APPLY
- A belonger of the BVI.
- Have resided in the vi for at least five years immediately preceding the date of the application for the subloan.
- Be a dependent
APPLICATION ESSENTIALS
- Photo ID
- High school diploma
- College acceptance letter
- College transcript
- Itemized breakdown of school year expenses
- Proof of security (land/building)current appraisal less than one year.
GUARANTOR
- Signature
- Employment letter
- Photo ID (driver’s license or passport)
- Verification of address (license or utility bill)
ELIGIBLE PROGRAMS OF STUDY
- Medicine and related fields; nursing, lab technology, pharmacology, community health.
- Tourism and related fields
- Engineering; building and construction
- Architecture
- Applied sciences
- Agriculture
- Education
- Natural sciences
- Vocational studies; handicrafts, catering, upholstery, welding, automechanic.
- Veterinary studies
HOW MUCH MONEY CAN I BORROW?
- This depends on the length of your program.
- Maximum amount for medicine is $65,000, low is $45,000.
- Smaller amounts are available depending on your cost.
PAYBACK SCHEDULE
- While you are in school you (or your parent/spouse) will only pay interest.
- Upon completion you will then pay the loan amount.
INTEREST RATE
- Current interest rate is 8%.
- A loan of $40,000.00 will be
- A loan of $20,000 will be
- $10,000.00 will be
- $5,000.00 will be
YOU CAN DO THE FOLLOWING
- A four year degree (bachelors programme.
- A two year degree (associates degree)
- Almost any course of study varying in duration.
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