Will restructure student loans: Nasheed

Former President and Speaker of Parliament, Mohamed Nasheed speaking with youths in Malé City as part of the MDP presidential primary campaign. | Photo: Shahid

Malé, Maldives – Former President and Parliamentary Speaker Mohammed Nasheed has said that he will restructure the student loan.

Speaking at a meeting for young people last night in his campaign for Maldivian Democratic Party (MDP) presidential primary, Nasheed said he believes the government should restructure the student loans.

Whatever happens, I see and I’m going to promise to get the student loan restructured. Students get their interest rates and everything restructured all over again.

Former President and Parliamentary Speaker Mohammed Nasheed

Nasheed said he wanted to include student loan restructuring in the MDP government to be formed after winning this year’s presidential election. Nasheed also announced his plans to do so tonight.

“Hopefully, some of the principal amount will be cut. Some of the interest rate will be cut. A grace period will be given and the repayment time period will be extended,” Nasheed said.

If student loans are eased, it will increase productivity and the state will be able to provide it, he said.