Democracy Gone Astray

Democracy, being a human construct, needs to be thought of as directionality rather than an object. As such, to understand it requires not so much a description of existing structures and/or other related phenomena but a declaration of intentionality.
This blog aims at creating labeled lists of published infringements of such intentionality, of points in time where democracy strays from its intended directionality. In addition to outright infringements, this blog also collects important contemporary information and/or discussions that impact our socio-political landscape.

All the posts here were published in the electronic media – main-stream as well as fringe, and maintain links to the original texts.

[NOTE: Due to changes I haven't caught on time in the blogging software, all of the 'Original Article' links were nullified between September 11, 2012 and December 11, 2012. My apologies.]

Saturday, August 04, 2012

Student Loan Interest Eliminated In Prince Edward Island

CHARLOTTETOWN - Prince Edward Island students will be able to access interest-free provincial student loans this fall.

Premier Robert Ghiz announced Friday that a zero per cent interest rate on the provincial student loan program will be implemented Oct. 1.

The program will apply to loans issued after Jan. 1, 2001.

A news release from the province says there are about 2,600 loans currently in repayment.

The government says the savings on the average loan in the first year of repayment will be about $1,000.

It says the initiative will cost the provincial government about $500,000 annually

Original Article
Source: huffington post
Author: CP
Topics: , , ,

1 comment:

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