News Releases

The Divison of Marketing and Communications provides access to the most up-to-date information released by Memorial University of Newfoundland. Archives of previous news releases are also available.

To access news releases from Grenfell Campus please click here.

REF NO.: 208

SUBJECT: Elimination of student loan interest welcomed

DATE: July 31,2009

Memorial University welcomes the elimination of student loan interest payments announced today by the Government of Newfoundland and Labrador.
Graduates and students carrying debt loads incurred while pursuing post-secondary education will no longer pay interest on their loans.
“We applaud this initiative,” said Dr. Chris Loomis, Memorial’s president, pro tempore. “This addresses the very real problem of student debt and will make university education much more affordable in the long run.”
The elimination of interest will be automatic, with no action required on the part of individuals to access the benefit, according to the provincial government’s news release. With interest eliminated, individuals in repayment can see a savings of up to $1,800 over the life of their provincial student loan. Approximately 49,000 people who are currently paying off their loans will benefit from the initiative. 

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For more information, please contact Dave Sorensen, news editor (Gazette), Division of Marketing and Communications, Memorial University, at (709)737-2143 or sorensen@mun.ca.
 

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