The Ministry of Finance yesterday announced waiver extensions and rewards to up-to-date UG Student Loan borrowers.
According to a release from the ministry, persons with student loans who clear their debt in full by October 31, 2016 will be given a 75 percent reduction in the accumulated arrears of interest on their accounts.
Also, persons who bring their accounts up-to-date by October 31, 2016 will be given a 50 percent reduction in the accumulated arrears of interest. However, if a borrower defaults, the interest waived will be restored in full to the account, the release stated.
