TELS requires refining
20 March, 2018, 6:54 pm
Update: 6:54PM THERE needs to be a refinement on the current allocation of food, accommodation and bus fare allowances for students under the Tertiary Education Loans Scheme (TELS) says Minister for Education Aiyaz Sayed-Khaiyum.
While speaking at today’s budget consultations, Mr Sayed-Khaiyum was made aware of the financial concerns that students are met with while under the loan scheme.
According to the TELS requirements, only students who registered for the maximum number of four units per semester would receive one hundred percent of their allowances. However a student who was registered for only three units out of the four unit per semester would only be eligible to about 75 per cent of the allowance.
The Tertiary Scholarship and Loans Board gave out a maximum of $50 per week on food allowance and $15 per week on transport allowance.
Mr Sayed-Khaiyum said even though students were pursuing only three out of the four units in a semester, it did not necessarily mean they were eating any less or they were staying at their accommodation for only three-quarters of the semester period.
He assured the students that a refinement on the current allocation of allowances would take place next to deal with the grievances raised.