Please I need your suggestions on what kind of business I could setup under 60k as a student. Around or inside the school (University) I mean. Depending on someone to be sending you money really sucks. Want to start something that will help me.

I would suggest you go into the clothing niche. You can look for a supplier, who would sell to you at a profitable rate.

2 years ago I was into selling power banks and phones in school, it was profitable back then. I'm about venturing into the clothing niche myself.

In addition to what the first poster contributed I see no wrong if you open a dry cleaning business. Washing clothes is a huge need for school students, you'd always see demand.

Checking through for similar old posts I responded to in the past. See one answer I gave a while ago:

Go to your nearest DSTV office and apply to become one of their certified technicians.
Anytime a customer has technical problems the office calls you to rectify it.
A lot of students around my area engage in the business and do well for themselves.
Worst case scenario you'd only make enough money to take girls out and buy drinks
during weekends.

A thread you can source ideas from. For some reason it seems my better listed ideas were deleted: https://www.nairaland.com/2591243/top-15-things-make-money

Are you in Lagos?

Yenagoa, Bayelsa state. Niger delta University