Steps To Access The Student Loan

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; a

Judicial officer; or a Justice of Peace.

Students who have defaulted in previous loans; found guilty of exam malpractices, felony, drug offenses will not be considered.

Students with parents who have defaulted in respect of previous loans will not be considered.

All Applications will be submitted through the Students Affairs Office of each Institution via a list of all

qualified applicants from the institution accompanied by a cover letter signed by the Vice Chancellor or Rector or the head of the institution and the student affairs.

Any beneficiary of the loan to which this Act refers shall

commence repayment two years after completion of the National Youth Service Corps programme.

(Repayment shall be by direct deduction of 10% of theb eneficiaries salary at source by the empioyer.

Where the beneficiary is self employed, he shall remit 10% of hist totalprofit monthly to the Students loan account to be prescribed by the Bank.

Comments

Man Arrested For The Horrific MURDER Of 4-Year-Old Neighbor

Man Arrested For The Horrific MURDER Of 4-Year-Old Neighbor A devastating tragedy has shocked and deeply saddened the community of the peaceful town of Nsukka . On Orba Road in the Nsukka Local Government Area of Enugu State, a once-calm neighborhood has been the scene of an unbelievable crime that has rocked the community to its core. This article explores the horrific murder of Zinachukwu Ugwu , a 4-year-old girl whose life was cruelly taken in a violent incident. In addition to destroying a family, the incident has sparked serious concerns about public safety, neighborhood watchfulness, and the triggers for such wicked acts. The Ugwu family's life tragically turned around in the early morning hours of what appeared to be a typical day. Zinachukwu Ugwu , four, a kid with a lively personality and a bright smile, was asleep in her house and was oblivious to the impending danger. Even though her mother and siblings were still living in the house, what happened next would hav

"Tragedy in Lagos" The Shocking Assassination of a Monarch's Son and Its Far-Reaching Impact

Tragedy in Lagos: The Shocking Assassination of a Monarch's Son and Its Far-Reaching Impact The community in Lagos is shocked and in disbelief after Prince Demola Akinloye, the first son of His Royal Highness Tijani Akinloye, the Ojomu of Ajiran land, was brutally murdered in broad daylight. The terrible incident happened on Monday, August 27, 2024, on Chevron Drive in Lagos State's Lekki neighborhood, which is generally recognized for being a safe and prosperous area. This horrible act has not only made the community terrified but also given rise to grave worries about security in one of the most wealthy areas in Lagos. Prince Demola Akinloye was a well-known person and likely successor to the throne of Ajiran. He was assassinated in broad daylight, shocking Lagos. The normally lively, everyday activity that pervaded Chevron Drive's streets was abruptly replaced with a terrifying scene. The community was quickly alerted to the assassination, which resulted in widespread

Four Arrested For Motorcycle And Electrical Equipment Theft

Four Arrested For Motorcycle And Electrical Equipment Theft The Ogun State Police Command has detained four people in connection with two different but equally concerning theft incidents, in a dramatic order of events that highlights the rising tide of crime in Ogun State. These crimes have shocked the people of Ijebu-North-East and Obafemi-Owode Local Government Areas . They involved the theft of a valuable motorcycle and the looting of important electrical installations. While there has been some respite following the prompt capture of the suspects, these incidents also underscore the increasing worries about property security and the audacity of criminal activity in the area. In the first incident, a motorcycle worth N630,000 was stolen in the Atan-Ijebu neighborhood of Imeruro. When the 30-year-old suspect, Bamidele Ogunbowale , first approached Olakunle Olagoke , the owner of the motorcycle, he seemed sincere in his desire to buy it. The arrangement was a simple installment plan

VeryConcern

Search This Blog