Sunday, April 14, 2024

Student Loans: Why private school students are excluded – Lawmaker


Isiaka Gboyega, a member of the Home of Representatives, says the federal government exempted college students from non-public universities and different tertiary schooling from the scholar mortgage scheme due to the excessive price of faculty charges in these faculties.

Mr Gboyega, the Chairman of the Home Committee on Tertiary Training and Pupil Loans, stated the college charges of a pupil in non-public college might pay the charges of many in public college.

It might be recalled that President Bola Tinubu signed the scholar mortgage invoice on Wednesday, which excludes non-public college college students.

“An applicant for a mortgage underneath this Act should – be a citizen of Nigeria;

“Have secured admission into any college, polytechnic, faculty of schooling established by the Federal Authorities or State Authorities, or a vocational or abilities acquisition college licensed by the Federal Authorities,” part 23 of the Act reads.

Talking on the exclusion of the non-public faculties, Mr Gboyega stated “For anybody that has the capability to ship his/her youngsters to the place—a few of these non-public faculties, you’ll agree with me that the necessity for a mortgage of this scheme might be minimal.”

He defined that sooner or later, the fund might be prolonged to cowl college students within the non-public faculties.

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