Enterprise Minister Tim Johnston says a £2.2 million government loan to King William's College is fully repayable.
In the House of Keys this week he faced questions from members about the loan facility offered by his department.
He said the money would be used to support the future of the school in the south of the Island.
But he denied he had any conflict of interest because he was a former student:
Billionaire says Island's his favourite place on earth
Billionaire businessman Jim Mellon says he has not plans to retire, but expects to keep working until the day he dies.
Planners aren't influenced by advertising, says Cannan
Chief Minister Alf Cannan says he's confident planning officials aren't swayed by advertising.
Commissioner to resign over Laxey sewage plans
A Garff commissioner says he'll resign after the board backed new sewage proposals for the area.
Santa Dash this lunchtime!
Hundreds of Santas will be gathering in Douglas this lunchtime for an annual race.
New Dominos branch looking for workers
With less than a week until it opens, Ramsey's newest pizza parlour is advertising for staff.
Part of TT course to close for this afternoon
Part of the TT course will be closed for two hours later this afternoon.
Road in Union Mills closed this morning
A road in Union Mills has been closed this morning.
Make sure we can see you in the dark, says bus service
Isle of Man Transport is asking passengers to make sure drivers can see them during the darker nights of winter.
