How to Apply for Student Loan in Nigeria – Are you a student? Do you wish to get a loan to be able to complete your education? Then this article is for you. This article covers everything you need to know about getting a student loan.
Of course, student loans can come from the federal government, from private sources such as a bank or financial institution, or from other organizations.
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Loans made by the federal government, called federal student loans, usually have more benefits than loans from banks or other private sources.
Earlier this year, the Federal Government of Nigeria approved a bill seeking to provide for the establishment of the National Student Financial Aid Scheme.
The bill was sponsored by Senator Umar Sulieman (APC, Kwara North), and seeks to provide a realistic framework for the success of education financing.
Suleiman, in his lead debate on the principles of the bill, said the same provides for the management, governance, and administration of the scheme.
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According to him, the National Student Financial Aid Scheme, upon its establishment, would grant interest-free loans and bursaries to eligible students at higher Institutions.
Without any doubt, the bill will definitely scale through the third reading.
This post is a preparatory guide once the bill is assent and the loan application portal is opened and is made available for students of Federal, state, and private universities in Nigeria.
Aside from the FG loan, many banks in Nigeria also give student loans. However, there are things to put into consideration before applying and before submitting your application or
First and foremost, it would be wise for you to consider the merit and the demerits of this loan before collecting.
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Since education has become a necessity in the world we are right now, people find it ideal to move with the trend and go to school to acquire knowledge. However, funding the school fees can be quite difficult for a lot of people especially people who are in private higher institutions which are obviously and usually more expensive that the regular government owned higher institutions. For this reason, student loan was put together to assist people who might find it difficult paying for their school fee.
Requirements
Requirements
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Requirements
The Federal Government of Nigeria has announced the latest date for the commencement of student loan in Nigeria.
This means that the student loan application portal will be open for interested students schooling in Nigeria or abroad to apply.
The loan can help you to pay your school fees, pay for accommodation and can even help you study abroad.
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