Gov’t may waive interest on UG student loans – Trotman

The waiving of interest on outstanding loan payments for former students of the University of Guyana may be among the considerations being looked at by government in a bid to ensure repayment.

This is according to Minister of Natural Resources Raphael Trotman, who told reporters at a post-Cabinet press briefing yesterday that Cabinet received a report of the sub-committee set up to examine the forensic audit report on the Student Loan Agency.

“We are hoping that we can be generous in the jubilee year… to students and waive interest and so forth. So, there are considerations for passing or excusing or not insisting on payments for some things but I would prefer the Minister of Finance to make those announcements,” he said.