CITIZENS COMPASS —The Nigerian Senate, yesterday, listed the category of people who cannot benefit from the much awaited Student Loan as approved by President Bola Ahmed Tinubu.
Recall that the Federal Government said it had approved Student Loan to give succour to many Nigerian students.
However, the Nigerian Senate during iys preliminary session gave the list of sime category of stu3who will not benefit from the Loan.
The Senate passed the Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024, with the Senate Committee on Tertiary Institutions and TETFUND playing a pivotal role in its passage.
Muntari Dandutse, chairman of the committee, presented the report that led to the bill’s adoption during a plenary session on March 20.
In a move to expedite the legislative process, the Senate suspended certain sections of its standing rules, referring the bill to the Committee of the Whole for immediate consideration.
While the enactment of the Student Loans Bill has been met with widespread approval, it was learned that the law specifies five categories of individuals who will not be eligible for the student loan.
Below is the list of persons who are not eligible for the loan:
- Applicant who has been proven to have defaulted in respect of any previous loan granted by any organisation.
- Applicant found guilty of exam malpractice by any school authority.
- Applicant with a criminal record of felony or any offense involving dishonesty or fraud.
- Anyone who has been convicted of drug offenses.
- Applicants whose parents (father or mother) have defaulted in respect of student loan or any loan granted to him or her.
