5.99% interest. favourable repayment terms. no processing fees.

Student Loan Program

The DSS Board has approved a Student Loan Facility as part of DSS’ commitment to the socio-economic advancement of the nation. The Facility offers financing for contributors and/or their children to access tertiary education. Funds are available for study at accredited institutions anywhere: Online, Locally or on Campus.

WHO CAN APPLY?

LOAN CONDITIONS

Interest Rate5.99% Annually on the reducing balance
Payback PeriodMaximum 15 years
Institutions ApprovedAccredited by the Ministry of Education
LocationOnline, Local, Regional, International
The loan may cover the following expenses:
        • Tuition and fees
        • Living/personal expenses related to school
        • Purchase of computer
        • Purchase of books

DOCUMENTS NEEDED FOR STUDENT LOAN APPLICATION

Other Requirements include:
  • Recent Police Record
  • Recent Photo ID for all parties
  • Credit Reports for guarantors
  • Pay/Salary slips for guarantors
  • Job Letters for guarantors
  • Independent Legal Advice (All Guarantors)
  • Enrollment in Group Life Insurance Plan (Applicant)
  • Standing Order for guarantors. Signing of three blank standing orders by applicant and guarantors.

For additional information on this facility, please enquire by contacting the DSS Accounts Department via telephone +1 767 255 8326/8327 or email us at [email protected] or [email protected].

DOMINICA SOCIAL SECURITY – MAKING YOUR EDUCATIONAL DREAMS A REALITY!
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