EDITOR’S NOTE: At the beginning of March, #EduCaribbean featured ‘funding of universities’ in our edition 2021-03-08. We do the same in this newsletter, however the scope is broadened to include student funding. We cover two locations, namely: Puerto Rico and Guyana; the University of the West Indies (UWI), and a recent regional development. UWI has two articles, the others each have one.
Our headline, taken from the English version of El Nuevo Dias, reads: “The U.S. Announces 3 Billion For Puerto Rico Schools”. The Joe Biden administration has announced around $3 billion funding for Puerto Rico’s schools through the Coronavirus Rescue Plan Act, and has released an additional $1.8 billion allocated from 2020.
UWI, on the other hand, will float a US$60 million dollar bond on the Trinidad and Tobago Stock Exchange — the first in its 73-year history — to build a state of the art offshore medical school in that twin-island state. It has also received the largest grant in decades from Silicon Valley-based foundation, Eon Reality, in the amount US$25M for its Open Campus.
Alternately, Guyana’s government will offer 20,000 scholarships over the next five years to Guyanese pursuing studies in the oil and gas industry. And finally, Proven Investments has purchased Heritage Education Funds International Inc. — Canada’s largest registered education savings plan company — which presently serves Jamaica, Bermuda, The Bahamas and British Virgin Islands.
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