While challenging the University of The Bahamas (UB) to establish a housing registry, Prime Minister Dr. Hubert Minnis said the government will give homeowners in New Providence $500 for every student they accommodate in their homes.
“Now, I’m going to put out a challenge to UB here tonight,” Minnis said.
“UB must establish a housing register so that Bahamians with homes – be they in the east or the west or central – can register their homes. For every student that that homes accommodate, that homeowner will be given $500.
“Now can you imagine, we have many single parents or homeowners who are struggling with their rent. Can you imagine if a brother and sister coming from the Family Island, they can live in that home and the owners of that home [are] given $1,000 by the government? Secured.
“This would give us an opportunity for new entrepreneurs in the rental [industry] or our own Nassau bed and breakfast. This is a revolution in education that will enhance the prospects for many thousands of Bahamians over the years to come.”
Minnis said the initiative will allow parents to save thousands of dollars.
In June, Deputy Prime Minister and Minister of Finance Peter Turnquest said the government will spend $19 million annually on the Bahamas Government Tertiary Education Grant at UB.
The implementation of the grant represents the fulfillment of the Free National Movement’s (FNM) campaign promise of free tuition for Bahamians at the university.
The grant will cover tuition, course fees, stipends for teachers and nurses in training and an accommodation allowance of up to $500 per month for students who have to relocate to New Providence to attend UB.
Students who are Bahamian citizens, enrolled full-time at UB and who maintain a minimum 2.0 grade point average (GPA) will be eligible for the grant.