President Bola Tinubu (GCFR) Has Sign Into Law The Students Loan Bill Which Provides For Interest Free Loan To Indigent Nigeria Students.
Steps to access the student loan The Student Loan Bill which is now Law officially known as AN ACT TO PROVIDE EASY ACCESS TO HIGHER EDUCATION FOR NIGERIANS THROUGH INTEREST FREE LOANS FROM NIGERIAN EDUCATION BANK ESTABLISHED was Sponsored by Hon. Femi Gbajabiamila Students applying for loan under this Act must apply to the Chairman of the Bank through their respective institutions upon satisfaction of the following conditions: (i) Student must have secured admission into any public Nigerian University,Polytechnic, COE or TVET school Applicant income or family income must be less than N500,000 per annum;Applicant must provide at least two civil servants as guarantors: of not less than level 12 years in service; or a Lawyer with at least 10 years post-call experience; a Judicial officer; or a Justice of Peace. Students who have defaulted in previous loans; found guilty of exam malpractices, felony, drug offenses will not be considered. Students with parents who have defaulted in respect ...