SLB says delinquency rate stood at 48.22% up to March 2026

The Students’ Loan Bureau (SLB) is reporting that, up to March 2026, its delinquency rate was 48.22%.

Executive Director of the Students’ Loan Bureau, Nickeisha Walsh made the disclosure at the Public Administration and Appropriation Committee (PAAC) meeting this morning.

Ms. Walsh said among the reasons stated by borrowers for their inability to repay their loans were unstable incomes from self-employment, competing financial obligations, and underemployment after graduation.

She said with the launch of its online portal, which now allows people to make payments anywhere, its hoped there will be a decline in the delinquency rate in 2026/27.