Students loan

Senate passes ammended Student Loan Bill 2024

A day after the announcement of a temporary suspension of the commencement of the programme President Tinubu forwarded a letter to the National Assembly, seeking a repeal and re-enactment of the Act. The Senate has passed the Student Loan (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024, otherwise known as the Student Loan Act. This resolution followed the consideration of a report on the Senate Committee on Tertiary Institutions and TETFUND, presented by...

IDE 2024: “We need to go back to the drawing board and address the limitations of the Students’ Loan Act” – Sen. Neda Imasuen

In response to the barriers hindering the Student Loan Act, OrderPaper Nigeria hosted a high-level discourse featuring lawmakers, active citizens, and students. The Students’ Loans (Access to Higher Education) Act, 2023, which aims to provide interest-free loans for public higher education in Nigeria, gained Presidential assent on 12th June 2023 and has since been making the rounds in the media and among Nigerians.  As the name implies, the law will enable indigent students in public...

INTERVIEW: We get calls everyday on school fees – Rep. Terseer Ugbor 

Rep Terseer Ugbor, in this 2-part series exclusive interview with OrderPaper, reveals that each member of the House of Representatives gets calls every day for support on the payment of school fees, which strongly supports the need for loans for indigent students After several years of unsuccessful attempts by successive administrations to introduce student loans for the payment of school fees, scholarships, and other educational credit schemes, the 9th National Assembly passed the Students Loans...

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