departure prohibition order (DPO) preventing the student or The CEO can issue a guarantor from leaving Fiji. The CEO also has authority to lift a DPO. Example 1 - Student scholarship A was awarded a student scholarship in 2013. She completed her studies in 2015 and started working in August 2016. She intends to travel overseas on 1 December 2017. Since she has an existing bond agreement, the CEO can place a DPO. The DPO will be lifted if A provides a guarantor. The CEO can arrange for deductions from a defaulting student’s salary or bank account. Example 2 - Student loan, student employed but no repayment arrangements B was awarded a student loan amounting to $20,000 in 2013. She completed her studies in 2015 and started working in August 2016. She hasn’t made any repayments towards her student loan. With effect from 1 August 2017, the CEO can arrange for the recovery of the student loan by writing to her employer or bank to deduct amounts from her pay or savings. The CEO can seize property used as security in the loan or bond agreement. Example 3 - Student loan, student employed but no repayment arrangements X was awarded a student loan amounting to $20,000 in 2013. She completed her studies in 2015 and started working in August 2016. She hasn’t made any repayments towards her student loan. She owns a car. With effect from 1 August 2017, the CEO can arrange for the recovery of the student loan by selling her car. The CEO can also take court action, report the debt to international credit bureaus or agencies; or take any other action deemed necessary. For defaulting students, the guarantors will also be responsible for fulfilment of loan repayment or bond conditions. The recovery actions listed in paragraph 8 also applies to guarantors. Example 4 - Student loan, no repayment arrangements Y was awarded a student loan amounting to $20,000 in 2013. She completed her studies in 2015 and has left Fiji. She hasn’t made any loan repayments.
The CEO can issue a departure prohibition order (DPO) preventing the student or guarantor from leaving Fiji. The CEO also has authority to lift a DPO. Example 1 - Student scholarship A was awarded a student scholarship in 2013. She completed her studies in 2015 and started working in August 2016. She intends to travel overseas on 1 December 2017. Since she has an existing bond agreement, the CEO can place a DPO. The DPO will be lifted if A provides a guarantor. The CEO can arrange for deductions from a defaulting student’s salary or bank account. Example 2 - Student loan, student employed but no repayment arrangements B was awarded a student loan amounting to $20,000 in 2013. She completed her studies in 2015 and started working in August 2016. She hasn’t made any repayments towards her student loan. With effect from 1 August 2017, the CEO can arrange for the recovery of the student loan by writing to her employer or bank to deduct amounts from her pay or savings. The CEO can seize property used as security in the loan or bond agreement. Example 3 - Student loan, student employed but no repayment arrangements X was awarded a student loan amounting to $20,000 in 2013. She completed her studies in 2015 and started working in August 2016. She hasn’t made any repayments towards her student loan. She owns a car. With effect from 1 August 2017, the CEO can arrange for the recovery of the student loan by selling her car. The CEO can also take court action, report the debt to international credit bureaus or agencies; or take any other action deemed necessary. For defaulting students, the guarantors will also be responsible for fulfilment of loan repayment or bond conditions. The recovery actions listed in paragraph 8 also applies to guarantors. Example 4 - Student loan, no repayment arrangements Y was awarded a student loan amounting to $20,000 in 2013. She completed her studies in 2015 and has left Fiji. She hasn’t made any loan repayments.
DRAFT-PS-64-Tertiary-Education-and-Loans-Scheme-TELS-Debt-Recovery-9Nov2017.docx