Site icon The Cheer News

Federal Government Reveals Lists of Students Exempted from Student Loan

President Bola Tinubu

President Bola Tinubu

The Federal Government has revealed the lists of students who will not participate in the student loan which President Bola Ahmed Tinubu signed into law on Monday 12, 2023 during Democracy Day.

The Student Loan Bill was signed into law by President Bola Tinubu on Monday, June 12, 2023. The bill, which will provide interest-free loans to Nigerian students, was introduced by the outgoing Speaker of the House of Representatives, Femi Gbajabiamila.

On May 23, 2023, the bill passed the second reading in the lower house.

According to higher education experts, with the establishment of an education bank, tertiary institutions owned by the Federal Government may now be free to introduce tuition fees.


Already, some universities owned by the federal government have announced tuition increases. According to the bill, which our correspondent spotted on Monday, students seeking loans under this Act must apply to the Chairman of the Bank through their respective institutions if they meet the following criteria:


Exit mobile version