GN forgives student loans

The Government of Nunavut forgave $107,000 in student loans for the year ended March 31, 2002, according to non-consolidated financial statements tabled in the legislature on Tuesday by Finance Minister Kelvin Ng.

The loan forgiveness extends to 33 students who borrowed amounts ranging from a few hundred dollars to more than $10,000 to further their education.

In order to qualify, students must meet the academic, employment or residency criteria set out in the Student Financial Assistance regulations.

The list of students who qualify includes Margaret Havioyak, wife of Kugluktuk MLA Donald Havioyak, who borrowed $3,600, and Iqaluit lawyer Euan MacKay who borrowed $7,500.