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Erdogan woos Turkish youth by canceling interest on student loans 

The president’s move, first suggested by the opposition, follows protests by thousands of students over the exorbitant interest on student loans.
Chris McGrath/Getty Images

In a major concession to young people decrying the ballooning costs of university loans, today President Recep Tayyip Erdogan announced that the government was cancelling student loan interest, a plan originally suggested by the opposition. 

“We have agreed in the cabinet meeting that you’ll have to pay back the amount you borrowed, nothing more,” Erdogan said in a move interpreted as an effort to win over the young people who make up 13 million of the 62.4 million Turks set to vote next year.

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