The Student Loan Fund had enough cash to sustain the disbursement of loans to prospective University of Guyana (UG) students for the 2014/2015 academic year even though its annual allocation was caught in opposition budget cuts but its real problem is the whopping $7.3B in receivables
As has been stated by A Partnership for National Unity (APNU) financial spokesman Carl Greenidge, government has been adding around $450 million to the fund since it was created in 1994.
In 1994 the fund was started with $500 million. The following year there was no allocation, and the reason is not clear. Allocations resumed in 1996 when $400 million was paid over. The same amount was allocated in 1997 and in the two years that followed (1998 and 1999) the amounts allocated were $350 million respectively.
Government gave $535 million to the fund in 2000, and the next year (2001) the single largest allocation, $790 million, was made. In 2004 the amount went down to $350 million and the next two years (2005 and 2006) saw the fund receiving allocations of $450 million on both occasions.
The amount spiked again in 2007 when government put $740 million into the fund, and from 2008 to 2012
