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The Opposition People’s National Party (PNP) is committing to extend the post-graduation moratorium on student loan repayments by an additional six months, giving graduates more time to secure stable employment before their repayment obligations begin, when it returns to power.
This was stated by the party’s spokesman on finance and the public service, Julian Robinson as he made his contribution to the 2025/26 Budget Debate in the House of Representatives on Thursday.
“Under a PNP government, we are committed to easing the financial burden on young Jamaicans as they transition from education to employment,” Robinson said.
“But we will go even further, we will introduce a structured system allowing borrowers to renegotiate their repayment terms based on their income. Once borrowers are making payments under these adjusted terms, we will remove their delinquency status,” Robinson added.
He said this critical reform will ensure that young professionals are not unfairly penalised on their credit scores, which would otherwise hinder their ability to access car loans, mortgages, or other essential financial services.
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