There should be a repayment plan option of if everything fails, you can continue your NYSC service year in a business or services run and supported by NYSC till you pay it up, maybe 3 years while you still get stipends.

If you run a farm biz for example under NYSC program and reasonable revenue is guaranteed, such graduate can decide to continue such business as an entrepreneur with no more need to apply for jobs.

I hope they amend the laws to include something like this and guarantors may have some rest of mind.

noble2faith:

Obedients, please obediently avoid the loan oo, if not, na curse u dey atrract for your head oo.
Patient look down👇




























Abeg, na joke ooo

Because Obidients no dey pay tax. Abi?

We de joke sha

Edusouls:
Nigerians one thing the southwestners have is intelligence nature naturally bestowed it on them, tinubu is one hell of an intelligent man, right from birth

Rubbish loan with neck-breaking requirements!

dis is no student & shld be totally boycotted!

xjiggy:
what if the student Japa after NYSC? Who will repay?

Then the government pays.

akingangan:
The Guarantor requirement should be removed

Government should be the guarantor so no need for such
If the employer will deduct 10 percent then there is no need

So that u wont pay back , even with guarantors some people won't still pay, no be Nigeria? Ask palmpay people lol

nlfpmod:


https://thenationonlineng.net/quick-steps-for-nigerian-students-to-access-loan-scheme/

I hope they provide jobs to enable the students pay the loan.

Sunshine34:
Palmpay and Opay defaulters are u there, some section of the country too enjoy developing another country, it is well Sha, Obidient too should not go near the loan, otherwise we will invoke obatala on u people, because u cannot eat where you didn't sow.



FTC for the first time. Abeg send my gift Mr SEUN

You are a bloody and primitive buffoon. So being obedient or atikulated disqualifies citizens from their constitutional rights under your stolen government? You sure represent the primitivity of your roguish constituency

TheFacelessMan:


Preparing to write something stupid....

Surprise us.

🤣🤣🤣🤣

IbroMaka:
Why dem no specify highest amount that can be borrowed

Your school tuition is the highest amount you can borrow. Government school tuition.

IbroMaka:
Why dem no specify highest amount that can be borrowed

Depend on your sch fee.
Mind you, they are paying directly to the sch and not individual bfor una go garder the money take am japa

Goalnaldo:
Some people will gather the loan money and use it to japa leaving their guarantors to carry the cross.

Fg isn't going to transfer funds into anybody account. It's going to the school account!!

princeade86:
Good. So how is it be of help to commoners? Like someone mama selling petty things, where will d person get level 12 workers to process the loan. At the end, it will favor rich people as well. Business for the lecturers or anyone in the institution that will approve or sign for u to access the loan because they may demand from u.

No mind the foolish people...

Naija4love:
where did you see this information. All in the bill is up there for you to understand don’t follow blood news

Read through other thread on nairaland, you will see it

aktolly54:
Will student be able to access loan for school fee and house rent for 4years? Will the money be loaning every year or na only one time loan?

Any one with useful info should enlighten me

Interesting question sir

Dishonest people, scammers, yahoo student, corrupt student affairs officers are thinking fast

The guarantor part isn't needed to bring in transparency in Al these let the banks handle this and not govt ministries

So what about the pepper sellers,and d akara children sellers what will be their fate in this.....let them review this one more

Another fraud loading 😂😂😂
They should create jobs for graduates and leave this scam.

Let us see how that will unfold. The country giving out student loan have a robust employment drive that students are employed immediately after graduation but here that students will graduate and for years still at home doing nothing. How would they pay back the loan?
Well, nothing spoil, nothing wrong if the government indirectly pay back what they are owing citizens but my concern is that the merry won't go round because some people don't go school.
What is the impact of the trade money and other social interventions of Buhari regime? They just wasted money without bringing anyone out of poverty. The daily inflation has not helped matter at all. With #10,000 now, is as if you have nothing.

Please who is the employer that will serve as guarantor and be deducting 10% @ 2 years after nysc?
Nnpc, first bank, dangote group, NAFDAC or Nigerian customs?
I am not understanding

Go borrow 1Billion.
They said school fees.

IbroMaka:
Why dem no specify highest amount that can be borrowed

There is a need to expose those that try to truncate or downgrade this important program from the government of the day.

wunmi590:


Good development, I see student affairs only approving their family and friends application to move to final stage where it will be disbursed...

Tolumiide:
I didn't vote for PBAT, but he is doing better than the president that spent his first six months traveling around the world.

You are an idiot. Can you access this kind of loan going by the condition of assessment? If you have
Civil servant of level 12 and Lawyer of 10years you don't need this loan. Tribalism is what is killing you.

2. They must have secured admission into any of the Nigerian Universities, Polytechnics, Colleges of Education or any vocational school established by the Federal Government or the government of any state of the Federation

This part is a huge loophole. State will establish so many schools and admit so many student that the loan scheme will overcrowded and eve crash.

Frank688915:
Keep quiet omo ibo, Asiwaju is ahead of una, you think na your fraud obi

He is from Benin city. Mumu

femicyrus:
Please who is the employer that will serve as guarantor and be deducting 10% @ 2 years after nysc?
Nnpc, first bank, dangote group, NAFDAC or Nigerian customs?
I am not understanding

All employers, private and public. The whole bill is a way of stopping unconditional subsidy. Now the govt can track you down after 10 years in the industry andnask for their money if they lack some, and trust me govt always need more money.

Lovelink1991:


You are an idiot. Can you access this kind of loan going by the condition of assessment? If you have
Civil servant of level 12 and Lawyer of 10years you don't need this loan. Tribalism is what is killing you.

Tribalism; Check my pre-election and pre-handing over post, and see if I ever supported Tinubu.
I have civil servants of level 12 and above in my family, how much is their salary? One of them would gladly stand as guarantor for 20 students in the family than to pay the tuition fees for 3 students.
You called me an Id.iot for sharing my view, that actually shows how poorly your father and your mother raised you, that's if they're responsible enough to be there for you.
I wouldn't want to know the tribe you belong to, but I'm sure you are a disgrace to that noble tribe because no tribe deserves an empty barren that uses noise to embarrass them on public domain.

Barrack Obama finished paying his student loan after he became president of America. For those who want to know

If dem born any Obidient we'll make he access the loan ..... 😏😏😏