What you should know about the Student loan initiative.



Felicia Fredrick


President Bola Tinubu on Monday, June 12, 2023 signed a bill that establishes an education bank aimed at offering interest-free loans to Nigerians in tertiary education.


Higher institution here ranges from student in both State and Federal Universities, Poly, Colleges of Education and Vocational Training schools. 



The primary objective of the bill is to facilitate access to federal government loans for economically disadvantaged students, particularly those pursuing higher education at the tertiary level.




Reports have it that Persons with criminal records, 4 other categories cannot access president Tinubu’s student loan


In addition, sudent loan

Beneficiaries of the loan will be expected to initiate repayment two years after completion of NYSC.

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