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Re: Steps For Nigerian Students To Access Loan Scheme by Throwback: 10:07pm On Jun 12, 2023 |
akingangan: I agree. No need for any guarantor. 1 Like |
Re: Steps For Nigerian Students To Access Loan Scheme by justli: 10:09pm On Jun 12, 2023 |
Tolumiide: True that |
Re: Steps For Nigerian Students To Access Loan Scheme by WantsandMore: 10:13pm On Jun 12, 2023 |
wunmi590:It's a loan not a grants. Anybody wey do busybody for loan, na him sabi... |
Re: Steps For Nigerian Students To Access Loan Scheme by edungene7: 10:13pm On Jun 12, 2023 |
Finally the Yoruba ronu gang would have something to benefit from same way the sai baba gang benefited from the fertilizer subsidy in the North Itz going to be a southwest student loan program 1 Like 1 Share |
Re: Steps For Nigerian Students To Access Loan Scheme by OlaHolla: 10:15pm On Jun 12, 2023 |
Public Uni school fees might quadruple like this... |
Re: Steps For Nigerian Students To Access Loan Scheme by Freethinker87: 10:17pm On Jun 12, 2023 |
This is not how a student loan program is run, rather it appears to be a government racket. Like all things Tinubu, there must be enough loopholes to create a market economy for bribery and corruption. Requiring a civil servant guarantor for student loan applications goes against international norms, where applicants are typically evaluated based on academic qualifications and financial need, not on the backing of a civil servant. Other countries have successfully streamlined their student loan processes, ensuring accessibility for deserving students. Typically, students with the necessary academic qualifications apply directly through banks, but Tinubu wants students to apply through some ministry while also needing the service of a civil servant to guarantee their application. Nowhere in the world is the application for student loans backed by a civil servant or a judge. Why a judge? Is Tinubu trying to bribe the PEPT judges through this scheme? This stringent requirement raises questions about the government's motives. Can you all see what I am seeing? 1 Like |
Re: Steps For Nigerian Students To Access Loan Scheme by Pipefitter: 10:20pm On Jun 12, 2023 |
Lol... I wish prospective applicants success on getting guarantors.. 😂😂😂 the condition listed is nothing different from trying to secure loan from bank.... I get level 12 civil servant willing to guarantee me, why the person no kukuma give me the loan 1 Like |
Re: Steps For Nigerian Students To Access Loan Scheme by Kay25(m): 10:23pm On Jun 12, 2023 |
What a way forward...good one gbaja and bat |
Re: Steps For Nigerian Students To Access Loan Scheme by 234daniel2010(m): 10:24pm On Jun 12, 2023 |
Student loan is just to pay school fees, some of you are thinking that Federal gvt will just transfer 20,000,000 to your account as Students loan lol, far from that. It's basically for does having issues meeting their school fees or maybe school hostel fees. 1 Like |
Re: Steps For Nigerian Students To Access Loan Scheme by emorse(m): 10:24pm On Jun 12, 2023 |
OlaHolla:As in ehn |
Re: Steps For Nigerian Students To Access Loan Scheme by LOVEGINO(m): 10:26pm On Jun 12, 2023 |
Tolumiide:abeg encourage obidients lets make Nigeria great again. |
Re: Steps For Nigerian Students To Access Loan Scheme by olabolaji(m): 10:26pm On Jun 12, 2023 |
Where I wan see 2 guarantors |
Re: Steps For Nigerian Students To Access Loan Scheme by wallrichy: 10:32pm On Jun 12, 2023 |
Hey, you shocked me like everything dey shock Buhari..... slawomir: |
Re: Steps For Nigerian Students To Access Loan Scheme by AutoManual: 10:32pm On Jun 12, 2023 |
Another scheme. |
Re: Steps For Nigerian Students To Access Loan Scheme by Goalnaldo(m): 10:33pm On Jun 12, 2023 |
Some people will gather the loan money and use it to japa leaving their guarantors to carry the cross. 1 Like |
Re: Steps For Nigerian Students To Access Loan Scheme by kingdapson: 10:36pm On Jun 12, 2023 |
nlfpmod:This is a very good initiative by PBAT. It will help many students to sort their fees and focus on their studies. My only concern is the massive number of students ( those can pay their fees and those who can't) who will take Theo loan and in the long-run drain the nations limited resources. |
Re: Steps For Nigerian Students To Access Loan Scheme by wallrichy: 10:37pm On Jun 12, 2023 |
Prospective students wouldn't be given cash or even sight the cash....it's direct payment to the educational institution from the applicant bank after all due diligence must have been fulfilled No free money as compare to Baba Cows Buhari and Unprofessor Osinbajo Market money, trading money, chop chop money etc...... . 234daniel2010: 1 Like |
Re: Steps For Nigerian Students To Access Loan Scheme by mike272(m): 10:38pm On Jun 12, 2023 |
Re: Steps For Nigerian Students To Access Loan Scheme by xjiggy: 10:44pm On Jun 12, 2023 |
akingangan:what if the student Japa after NYSC? Who will repay? |
Re: Steps For Nigerian Students To Access Loan Scheme by wildernessVoice: 10:51pm On Jun 12, 2023 |
Scholarship/Bursary better pass this loan 1 Like |
Re: Steps For Nigerian Students To Access Loan Scheme by Manolo3107: 10:57pm On Jun 12, 2023 |
Deriya: Come how many account you get FOR NL? |
Re: Steps For Nigerian Students To Access Loan Scheme by usibengate(m): 10:59pm On Jun 12, 2023 |
princeade86: Did you read through the 3rd clause on how to apply for the loan? "Each guarantor must submit two passport photographs, name of the employer and evidence of being so employed by the named organisation." I believe every informed and knowledgeable potential guarantor (lecturer) will not want to get involve, with regard to standing as guarantor for someone he/she doesn't know better. Remember payback is not immediate, 2 years after NYSC. You as a lecturer after collecting sorting to stand for a defiant students, upon graduating from the school, the lecturer is at the mercy of the students. Hence, he/she will have to provide the student else will pay the loan as guarantor. So be careful who you stand for, we Nigerians are not trust worthy and have fraudulent tendencies. 1 Like |
Re: Steps For Nigerian Students To Access Loan Scheme by MightySparrow: 11:01pm On Jun 12, 2023 |
slawomir:. I fear northerners |
Re: Steps For Nigerian Students To Access Loan Scheme by Topmaike007(m): 11:03pm On Jun 12, 2023 |
Sunshine34:so Obedient are not Nigerians ABI ? You are high on Colos |
Re: Steps For Nigerian Students To Access Loan Scheme by Sammy5413(m): 11:05pm On Jun 12, 2023 |
Wait! Did I see guilty of exam malpractice? Mehn this people never ready to give any student loan 2 Likes |
Re: Steps For Nigerian Students To Access Loan Scheme by olaztek(m): 11:19pm On Jun 12, 2023 |
The govt must secure jobs for the unemployed graduates in order for them to repay the loan. 1 Like |
Re: Steps For Nigerian Students To Access Loan Scheme by Bobby125: 11:27pm On Jun 12, 2023 |
Tolu181: |
Re: Steps For Nigerian Students To Access Loan Scheme by InvertedHammer: 11:28pm On Jun 12, 2023 |
/ I hope they have done extensive research in liaison with some loan companies (the ubiquitous loan Apps) on how good Nigerians are at repaying loans. They better have a system in place for mandatory collection from defaulters. / 1 Like |
Re: Steps For Nigerian Students To Access Loan Scheme by Nobody: 11:34pm On Jun 12, 2023 |
nlfpmod: "3. Applicant must provide at least two guarantors. 4. Each of the guarantors must be a civil servant of not less than level 12 years in service, or a lawyer with at least 10 years post-call experience; of a judicial office of a justice of peace." These type of conditions, na bail terms for prison? 1 Like |
Re: Steps For Nigerian Students To Access Loan Scheme by pinkasso: 11:42pm On Jun 12, 2023 |
This country eeh...is this how students loan work?, See conditions ,this is just a trap, will the interest not be compounding?..this is just a loan at 10% with a repayment period starting in year six or seven, when ASUU dey on strike your loans will possibly be compounding at 10% per annum. It should designed like how students seek for forex when going to study abroad, you shouldn't need any guarantee and no repayment until you start earning a certain level of income. To me this is a glorified loan 🦈. What do I know? 1 Like |
Re: Steps For Nigerian Students To Access Loan Scheme by MeineMutter: 12:22am On Jun 13, 2023 |
They still need to amend and fine-tune the law. It’s workability is not 100% ok, especially on: The guarantor; The verifiers; The repayment plan. How can you be deducting from the guarantor? Will the student be paying the guarantor too every month? Are we sure graduates will get job after 2 years? What’s the maximum number of years you have to pay back the loan? For doctors, it is easy for them to get job and start paying back. What of those that study BAM BAM courses? And all those philosophy, psychology, inter-rel, languages etc? Those are courses that don’t já employment on time unless you know the right lever(s) to pull. I feel repayment has to be a direct debit from all accounts of the student linked to that loan by his or her NUBAN and NIN and also to his or her parents’ NUBAN and NIN (if he or she has any). If a guarantor is a Level 12 officer, it means he or she cannot guarantee more than one student, even if he has more than one children or relative who want to access such loan. Our verifiers are, by default, corrupt. They will exhibit this when verifying too and will exploit students (both materials and otherwise) and parents and abuse the system. The education bank should be a Plc or a Ltd company. Otherwise, it will go moribund quickly because of mismanagement by government officials. The system has to be automated and made easy for tracking of applications by applicants, transparently. We don’t want anybody to tell us he is working on our file and meanwhile he is not. Applicants should be able to know and get notifications on what other info or documents or clarifications are required from applicants. In short, they should make it less of human contact to reduce corruption. They should not disburse cash to students and expect the student to pay the cash back as tuition again. Instead, it should just be automatic payment of tuition fees from the bank to the institution. There should be a harmonized portal where the bank can check transcript and academic performance or status of student to know which one has been expelled or rusticated or which one has dropped out of school so as not to keep paying money to the institution in a wasteful manner. I am afraid; those in charge of the student loan at banks and schools could turn it to political affairs or tribal things or religious matters. We have a lot to get right here before deploying it. May be we need to go and study how advanced countries did their own and then adapt it to our own local situations. 1 Like |
Re: Steps For Nigerian Students To Access Loan Scheme by SavageResponse(m): 12:53am On Jun 13, 2023 |
pinkasso: I can't believe what I just read! Culturally Nigerians do not like to repay loans. Do you expect the government to give unsecured loans without asking for guarantors?! |
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