The territorial Loan/Grant is administered by the Virgin Islands Board of Education. Students are awarded with loans and/or grants. All loans payments begin one (1) year after graduation at an interest rate of 6% and a 2% delinquency rate.
Scholarships shall be granted in meritorious cases to employees in service in the Government of the United States Virgin Islands, to enable such employees to peruse study and training for improvement in their fields.
Applicants for the nursing scholarship must meet all VIBE eligibility requirements and have a cumulative grade point average of not less than 2.5/4.0. An official high school or college transcript and acceptance letter for freshman, transfer or graduate students is also required.
This scholarship, available only to active Virgin Islands Government employees, offer up to $45,000 for one year.