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The Student Loan Bill which is now Law officially known as AN ACT TO PROVIDE EASY ACCESS TO HIGHER EDUCATION FOR NIGERIANS THROUGH INTEREST FREE LOANS FROM NIGERIAN EDUCATION BANK ESTABLISHED was Sponsored by Hon. Femi Gbajabiamila.

 

Students applying for loan under this Act must apply to the Chairman of the Bank through their respective institutions upon satisfaction

 

of the following conditions:

 

(i) Student must have secured admission into any public Nigerian

 

University,Polytechnic, COE or TVET school

 

Applicant income or family income must be less than N500,000 per annum;Applicant must provide at least two civil servants as guarantors: of not less than level 12 years in service; or a Lawyer with at least 10 years post-call experience;

 

Judicial officer; or a Justice of Peace.

 

Read More: https://alutagossip.com.ng/president-tinubu-students-loan/