Borrowers of the Student Loan Agency will be granted a 75 percent reduction in the accumulated arrears of interest on their accounts if they clear their indebtedness in full no later than August 31, 2016. Borrowers who wish to bring their accounts up-to-date will be granted a 50 percent reduction in the accumulated arrears of interest, if their accounts are brought up-to-date by September 30, 2016. If, however, a borrower defaults, subsequently, the interest so waived will be restored to the account.
Salutations: I am very pleased to be on these hallowed grounds of my alma mater, the place where it all began, culminating in the position I hold today, that of the Minister of Finance- a position not without its fair share of headaches and heartaches but, equally, rewarding. Rewarding in the sense that it gives me pleasure when I can be part of something that is aimed at improving the lives of Guyanese. This is what this Government, your Government that you elected over a year ago, is committed to doing. Today's occasion is a simple, yet important, one in the life of students and the