SLB extends Debt Reset Programme to December 2026
The Students’ Loan Bureau (SLB) has extended its Debt Reset Programme to December 2026, giving borrowers additional time to regularize their loan accounts and access financial relief. The initiative allows customers to enter structured repayment arrangements while benefiting from targeted concessions, including waivers on late fees, insurance charges, and interest arrears. It also offers incentives […] The post SLB extends Debt Reset Programme to December 2026 appeared first on CNW Network.
Black News 
The Students’ Loan Bureau (SLB) has extended its Debt Reset Programme to December 2026, giving borrowers additional time to regularize their loan accounts and access financial relief.
The initiative allows customers to enter structured repayment arrangements while benefiting from targeted concessions, including waivers on late fees, insurance charges, and interest arrears. It also offers incentives for borrowers who maintain good standing.
The programme was originally scheduled to run from December 1, 2025, to April 30, 2026.
Executive Director of the SLB, Nickeisha Walsh, said the extension comes in response to customer feedback indicating that many borrowers needed more time to clear significant arrears.
“Based on our customer feedback, they recognized that their arrears were large and, as such, they were not able to make the payments within the five-month period. We had customers with arrears of $2,000,000, $500,000 and $1,000,000. By extending the programme to December, we are providing more flexibility for them to make payments while enjoying the benefits,” Walsh told JIS News.
The programme is open to borrowers who accessed the Targeted Loan Facility.
“It is for those customers who had in-school moratorium and then went into repayment,” Walsh explained.
“It’s for those customers who are in good standing or in arrears. If you’re in good standing, you will get the benefit up to $100,000 on your loan balance. If you’re in arrears, you’ll get the opportunity to get 100 per cent waiver on insurance, 100 per cent waiver on late fees and 50 per cent waiver on your interest arrears,” she added.
To qualify as being in good standing, customers must be current on their loan repayments for at least one year and not more than 30 days past due.
Walsh emphasized that the benefits are not applied automatically and require customers to sign up through the SLB’s online platform.
“They would have to visit our website and click ‘Start Onboarding’. This is where customers will validate their information and log in. They can then select the Debt Reset option or access the portal at slbja.com to sign up for the benefit. If you have not signed on to the portal and applied, the benefit will not be applied automatically,” she said.
Customers who have already registered can enroll in the programme via the portal at debtreset.slbja.com, where they can choose to clear arrears and regularize payments or settle their loans in full.
More than 21,000 borrowers are currently eligible to participate in the SLB Debt Reset Programme.
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