Never drop out of school because of money - there is a way.

It is not new that Education has become more than a necessity. It is so important. It has been embedded into the culture of an average countryman household regardless of their status. Education is highly necessary but it is highly costly. The worst is the economic situation of the country and wealth distribution. Students get easily frustrated especially with high fees on education. Some are left to no other choice than to quit. Well, what if I showed you another way?

Just like every other thing that attracts huge interest, education doesn’t come cheap. As such, there are now platforms where you can get a student loan in country to finance your schooling.

In this post, I will explain what a student loan is about, and outlined some ways to get a quick loan for your school fees. This is not to make you so lazy but just understand it is not just easy. We are all deep sh*t but the informed and the strong shall conquer. Keep reading.

What is a Student Loan?
A student loan is a financial aid given to students to help them pay for education and its associated fees. Every loan is repayable with interest. However, Student loan's interest is usually very low amount of money unlike other kinds of loan. Repayment of student loan also has flexible schedules. The purpose is to ensure students focus on their education rather than financial demands. Student have long duration to pay back. This is intentional. Usually graduating, serving and getting good job is not easy in the country. Meanwhile I must stated it clearly here that bank loan is different from that of other loans. Other bodies that offer student loan tend to be more considerate.

How to Get A Student Loan in Nigeria
1. Passbuttons Student Loan
Passbuttons.com is an online education platform that is highly interested in the students' performance and students' overall success both in and out of school. It provides admission consulting, tutoring and executive function coaching, financial aids, content writing, scholarship, free past questions and answers, etc. It offers student loan at a very minimum interest rate. The interest is just very near to zero.
Features
Ensure that nothing interrupts the education process of any child of 13 years or above.
You can get up to ₦1 million per year.
There is an option to refinance the loan
Remittance services are available

Requirements
A. You must be 13 years or above.
B. You must have registered on Passbuttons
You must have earned at least 1000 reputation: This is their trust weighing scale.
C. You must have completed student loan application form that pops up as soon as soon as you have got up to 1000 reputation.
D. Your admission letter
E. Tuition advice
F. Letter of domiciliation of your salary account or your parent’s/sponsor’s salary account
G. Copy of employment ID or valid means of identification belonging to you or your parent/sponsor
H. BVN

2. Federal Government Education Loan
The Nigerian government approved the establishment of education bank and student loan boards by states at concessionary interest rates to allow students easy access to funds.

The government also approved the establishment of education funds by all states of the federation. Special emphasis is on funding teacher development and secondary education, as well as establishing a special intervention fund for individuals with special needs.

3. Access Bank Student Loan
The Access Bank student loan is an advance for school fees which is designed to provide students with short-term financing to cover tuition fees.

Features
Ensure that nothing interrupts the education process.
A. You can get up to ₦5 million
There is an option to refinance the loan
B. Remittance services are available

Requirements
A. A completed application form
B. Your admission letter
C. Tuition advice
D. Letter of domiciliation of your salary account or your parent’s/sponsor’s salary account
E. Copy of employment ID or valid means of identification belonging to you or your parent/sponsor
G. BVN
H. Credit checks

4. GT Bank Student Loan
GT Bank’s school fees advance is a loan facility designed to finance the payment of your child’s/ward’s school fees for schools in Nigeria only.

Features
You can get up to ₦5 million in student loans with a maximum tenure of 4 months per request
Competitive interest rate
Immediate access to the loan

Requirements
A. Completed application form and employer undertaking form
B. School fees bill and credit insurance
C. Ensure that staff terminal benefit is domiciled in GTBank or obtain Corporate Guarantee

5. First Bank FirstEdu Loan
First Bank’s FirstEdu loan is targets proprietors. It offers flexible funding for upgrading school facilities and meeting of funding gaps pending the receipt of school fees.

Features/Requirements
It has a flexible repayment plan spread for 90 days
A. Access to a maximum amount of ₦10 million
The only collateral requirement is domiciliation of school fees with First Bank
B. The School must have been in account relationship with FirstBank for a minimum period of 6 months or 12 months with other banks
C. Target markets are private schools duly under CAC and their State Government
The school population must be a minimum of 100 students


In Conclusion
Funding education should not be a herculean task with this array of options available for accessing quick loans in the country. All you need is to choose from any of the platforms granting loans for school fees and ensure that you meet all their requirements.


Good luck

This is one of the things I detest, taking loans, no matter how juicy it looks or sound in the ear, but good infor for people who wish to, but make sure you can repay before borrowing.

Hmmm

I need a grant