Govt likely to waive interest on outstanding UG student loans

first_imgGovernment has announced that it has devised a number of strategies to recoup the billions of dollars owed to the University of Guyana’s Student Loan Scheme.This is according to Government’s spokesman, Raphael Trotman, who told media operatives on Wednesday that Cabinet received a report which contained several “nice” recommendations for the University of Guyana’s Student Loan Agency (SLA) to recoup the outstanding fees.A recent forensic audit into UG’s Student Loan Agency revealed that from the year 1994 to May 2015, some 17,567 or 69.4 per cent of 25,335 student loans were deemed delinquent after students were not honouring their indebtedness.This means some $10 billion in student loans is outstanding to the institution. Among the delinquent students are several prominent Attorneys, Magistrates and politicians, including the former Leader of the Opposition and the People’s National Congress Reform Robert Corbin.Trotman opted not to go into much detail about the recommendations, noting that Finance Minister Winston Jordan, who headed the sub-committee that compiled the report and made the recommendations, is expected to host a press briefing on the matter soon.Nevertheless, the Minister disclosed that among the proposals presented to Cabinet on Tuesday is the waiver of the interest rates attached to the loans.“We are hoping that we can be generous in the Jubilee year, indeed, to students and waive interests and so forth. So there are considerations for passing or excusing or not insisting on payments of some things,” he stated.Trotman explained that the interest waiver would be made across the board. He went on to dismiss assertions that the wavier was done in favour of several high profile individuals who still owe the agency. He pointed out that before these persons became ‘high profile’, there were just mere students of the tertiary institution.“We are not looking at the profile they hold now, we are looking at the fact that they were students of the institution known as the University of Guyana and should be treated fairly and equally… The point is not to waive interests of any individual but to look across the board at how we can, in our Jubilee year, make an offer to past students that is good in their interests,” he stated.Back in February, the Finance Minister had announced that Government will stop funding to the Student Loan Agency because there is sufficient cash for another two years. “The student loan agency has accumulated enough money for the fund to now revolve so the fund is revolving and there is no need for Government contribution at this time,” Jordan had told the National Assembly.At the time, the Finance Minister had stated that Cabinet was working on a ‘paper’ to recover the more than $10 billion in unpaid loans.The sub-committee headed by Minister Jordan was set up to examined the forensic audit report on the Student Loan Agency. According to Trotman, in the report, the sub-committee recommended a review of the organisational structure and business processes of the agency to make it compliant with auditing and accounting frameworks.Additionally, he noted that the sub-committee also made a number of recommendations of short and medium-term measures to streamline the agency and to set clear conditions for loan applications, guarantees and repayments.last_img read more

Bring it on! Find out why you should be excited about your club this season

first_img Stoke City: Joe Allen pulling the strings in midfield – Others may be excited about Ramadan Sobhi, but we think he needs some time to settle. Instead, it’s Allen who we believe will be a big hit for the Potters. Last season they struggled to create chances, the Welshman will change that in an instant. Everton: A team which can defend – Under Roberto Martinez, the Toffees were fragile at the back, which cost them plenty of points and several places in the Premier League table. John Stones may have left but with Ashley Williams on the way and Mason Holgate pushing for a starting role there is promise if Ronald Koeman can harness it. Arsenal fans can be excited about a young star making the grade! Find out why you can be excited about your club’s coming season – just click the arrow above, right – Last year it was Alex Iwobi, the year before it was Hector Bellerin and Francis Coquelin. Every season, it seems, one youngster takes an opportunity in the first-team, usually due to injuries. Could we see big seasons from Chuba Akpom or Serge Gnabry? Maybe it’ll be Yaya Sanogo… 20 20 20 Watford: A new manager and fresh ideas – The Hornets did well to avoid relegation last season but at points they showed worrying periods of poor form. It seemed Quique Sanchez Flores found it tough to stop these slumps. Fresh impetus from Walter Mazzarri could see them have another solid season and steer clear of the drop. 20 Manchester City: Pep Guardiola – Forget the mega-money signings. Seeing how the Spaniard moulds and improves this squad will be fascinating. If he gets it right at the Etihad then it will take a lot to stop this team from winning the Premier League title. 20 Crystal Palace: A new centre forward – The Eagles already boast Andros Townsend, Wilfried Zaha and Bakary Sako. Now they just need an elusive goal-getting striker. It’s likely they’ll get one in the coming days too. Middlesbrough: Ben Gibson getting an England call-up – An England centre-back with a left foot is a rare beast. Gibson, a home-grown hero, could see himself in Sam Allardyce’s thoughts if he continues to excel in the Premier League. His success, though, might see bids come in for services – glory is a double-edged sword. 20 Liverpool: No European football to hinder a title tilt – The Reds love European competition and have a rich history in it, as you might have heard once or twice. Their absence from it this season, though, could be a good thing. With Jurgen Klopp’s all-action style of football, players could get tired easily, but without the extra game they may well be able to keep their fitness and peak at the right time, giving them a great chance of winning the whole damn thing. Let’s face it, no European football did the trick for Leicester City. Southampton: The kids are all right – They may have lost Ronald Koeman, Sadio Mane and Graziano Pelle but don’t fret, this team still retains promise and has added more young stars like Nathan Redmond and Pierre-Emile Hojbjerg as they look to rebuild. We expect more of the club’s academy stars to breakthrough too. 20 20 Sunderland: David Moyes has point to prove – Failure at Manchester United and Real Sociedad sees the ex-Everton boss back in the Premier League as Sam Allardyce’s replacement. One thing is for sure, he’ll be looking to banish the jokes and memes to the history books. 20 West Bromwich Albion: Crosses, crosses and more crosses – Don’t worry, we’re not here to denigrate Tony Pulis’ game plans. He’s snapped up Matt Phillips from Queens Park Rangers and is an expert at swinging the ball in from the flank. We’re putting it on the line by suggesting Salomon Rondon is going to get a decent amount of goals this season. 20 20 Burnley: Andre Gray – He’s shown in pre-season he could terrorise Premier League defences with eight goals in five games. He has the potential to keep the Clarets up on his own and he appears to have the kind of drive and focus which will see new England manager Sam Allardyce paying visits to Turf Moor. The 2016/17 Premier League season is here.On Saturday, champions Leicester City kick off the campaign, and their title defence, with a trip to the KC Stadium where they face Hull City, while, on Sunday, Arsenal host Liverpool.Here in the talkSPORT office we couldn’t be more excited, well, except for the Newcastle United fan.But all of those fans with clubs in the top-flight are going to be thrilled football is return.So, to find out one reason why fans of each club should be excited, click the right arrow above… Manchester United: The Fantastic Four – One of the Red Devils’ most exciting transfer windows ever has seen them land a stunning star from Italy, Spain, France and Germany. It’s been a long time since an English club cherry picked such talent and it already looks like Eric Bailly and Zlatan Ibrahimovic will be hits. If Paul Pogba and Henrikh Mkhitaryan get off to a good start then who knows what the future holds for Jose Mourinho’s men. 20 20 20 Hull City: The club could finally be sold – They might be back in the Premier League but the Tigers are not in a good way. No new signings, Steve Bruce has resigned and supporters are furious with the Allam family. As soon as September hits the club will be up for sale again and a takeover will hopefully end the crisis – but will it be too late? Swansea City: You don’t have to see Bafetimbi Gomis’ panther celebration again – Okay, it was funny the first time. Every other time it was cringe inducing. Now you can just stare lovingly into the eyes of Spanish star, and all-round handsome bloke, Fernando Llorente. Swoon-worthy. 20 Chelsea: Youth will get a chance – By the looks of pre-season, the likes of Ruben Loftus-Cheek, Bertrand Traore, Ola Aina and Nathaniel Chalobah could see first-team action this year. These players hold plenty of promise and could excel while combining with big-money signings. Leicester City: Proving people wrong – again! – After winning the Premier League, despite most pundits and rivals believing their march to glory would fall at the last hurdle, their doubters are back. But, never fear Foxes fans, your team thrived on these feelings last season. As everyone predicts you finishing outside the top six, just watch Big Wes and the boys put them in their place. 20 20 20 Bournemouth: Two star strikers – Benik Afobe and Callum Wilson have the potential to fire the Cherries further up the Premier League table if they stay fit. And Jordon Ibe could be an inspired signing on the flank to provide the assists for them. 20 Tottenham Hotspur: Champions League football is back! – Tottenham aren’t just on their way to Wembley. They will be playing Europe’s elite there this season. Get your Oyster Cards out and enjoy the ride, Spurs fans because it could be tough to get back in again. 20 West Ham United: You’ve got still got Payet – Far be it from us to suggest the Hammers are a one-man team but you might have worried about them had they lost the fantastic Frenchman. He had a stunning debut Premier League season and if he can do it again this time, you have to back the club for a top seven finish at the very least.last_img read more

Adventurer Jason Black’s fight for life after catching jungle disease

first_imgWARNING: Graphic content and pictures contained.Letterkenny adventurer Jason Black almost died after suffering a life-threatening infection in the jungles of Fiji while taking part in a 20 day adventure race.Black, well-known for his dare-devil quests, was taking part in the Eco Challange Fiji. The 49-year-old was relishing the challenge of various sports including paddling, climbing, white water rafting, mountain biking, paddling and rappelling.However, disaster struck for the father-of-four when he contracted some serious leg infections which saw him rushed to hospital in Fiji.Doctors became very concerned for his safety when his blood pressure plummeted and temperatures spiked leaving him with swollen and scarred legs. They decided to fly him to New Zealand, to a specialist infectious disease control centre.However, during the three and a half hour flight his blood pressure plummeted and the French medical team on-board the flight were forced to do all in their power to keep the Irishman alive.Having landed the medical team rushed Black to Auckland to another hospital where he spent three further days in isolation.Black revealed how microbiologists had to do all in their power to try and identify the infection attacking his system.“The micro-biologists grew blood cultures from my wounds trying to establish the specific organisms that were now attacking my renal system, with my liver and kidneys now under attack. It was a shocking position to find myself in,” said Jason.Doctors continued to carry out multiple tests to find specific IV antibiotics to tackle what was a new jungle infection not seen before by doctors in New Zealand.Thankfully after five days in hospital, the fevers began to subside and Jason was allowed to make the marathon trip home to Co Donegal after two twelve-hour flights around the globe. Advertisement Frighteningly however, his health took another turn for the worst after the leg infections flared up again and he had to be admitted to Letterkenny University Hospital.Put under the care of Dr Michael Sugrue, Jason was released from hospital again in recent days and is recovering with wife Sharon at home.Having already ticked both Everest and K2 off his list, the Donegal man isn’t dwelling on his near-death experience. Advertisement “Things are sent to test us in life and now it’s my turn, fighting to recover fast I’ll grow in strength from the rest and I’ll return more committed and focused to be the very best I can be,” he said.Adventurer Jason Black’s fight for life after catching jungle disease was last modified: October 4th, 2019 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:DiseasedonegalFijiinfectionJason BlackjungleletterkennyNew Zealandracelast_img read more