Rowe Fund

The Antigua & Barbuda Development Bank is proud to be associated with the Leo S. Rowe Fund; an educational loan program of the Organization of American States (OAS) that helps citizens from its member countries in Latin America and Caribbean finance their studies or research at accredited universities across the United States by awarding interest-free loans of up to US$15,000 dollars for the last (2) two years of study.

Highlights of the Rowe Fund loans include:

  • Deferred repayment while in school
  • No application or processing fees
  • Applications are accepted and reviewed year-round and at any time during the studies in the U.S.
  • Funding is sent directly to the student after approval
  • Easy access to loan application forms and instructions
  • Need for a loan guarantee

Prospective applicants are required to concurrently make a direct application to the Rowe Fund as well as to have their sponsor (s) make an application to ABDB for a guarantee of the loan application.

The Loan itself is interest free but ABDB charges a 3% guarantee fee.

For more information, please see the Frequently Asked Questions for Prospective Applicants, visit the associated link or speak with one of our Lending Officers at the Bank.