#Editorial

On D40M for student loans – a bold step that must be guarded!

Jun 24, 2026, 8:41 AM

The Gambia’s D40 million commitment to the Students Revolving Loan Scheme is more than a budget line.

It’s a statement of intent: that talent, not family income, should determine who reaches university and technical colleges. For years, government scholarships have helped many, but as Minister Pierre Gomez acknowledged, demand has outgrown supply. Too many qualified students drop out not from lack of grades, but lack of dalasi. 

That makes this Student Revolving Loan Scheme (SRLS), validated this week by MoHERST with stakeholders, a timely intervention. 

In just 180 days, Executive Director Samba Bah says the scheme has built a secretariat, recruited staff, set up governance and financial systems, and drafted a loan policy covering eligibility, disbursement, repayment and recovery. That speed matters. Students waiting for 2026/27 admissions cannot afford years of delay.

But let's be frank here a revolving fund only revolves if money comes back. This is where Gambians must pay attention.

Also, transparency must be baked in from day one. The scheme has no national model to copy, as the Minister noted. That’s both risk and opportunity.

ThUs, the board must publish annual reports: how many students funded, repayment rates, defaults, administrative costs. Students, parents, and taxpayers deserve to see where every dalasi goes. Trust is the real collateral here.

Therefore, Barrow administration deserves credit for moving SRLS from concept to reality. The Gambia needs more graduates in health, engineering, agriculture, and teaching to drive Vision 2050. But credit will turn to criticism if the fund leaks, if repayment fails, or if bureaucracy blocks the very students it’s meant to help.