The loan recovery does not start until you get employed.

ecolime:

You wan Japa 🤣

rexchazy:
The so call student loan is wickedness in disguise. Imagine giving student loan and not subsidizing tuition fee is disaster waiting. I saw some group of NAS going to sing solidarity in the state house not knowing a chunk of them will not even graduate from the tertiary institution with the introduction of tuition fee. I attended a federal university with subsidized tuition fee I can only imagine when student start paying lecturer take home. Some of Tinubu policies are anti-people but alot don't see because of nepotism.

rexchazy:
The so call student loan is wickedness in disguise. Imagine giving student loan and not subsidizing tuition fee is disaster waiting. I saw some group of NAS going to sing solidarity in the state house not knowing a chunk of them will not even graduate from the tertiary institution with the introduction of tuition fee. I attended a federal university with subsidized tuition fee I can only imagine when student start paying lecturer take home. Some of Tinubu policies are anti-people but alot don't see because of nepotism.

Gajagojo:
what this system is proposed to do is allow the university charge market rates and thereby raise quality. Those who can pay will pay and those who cannot will be offered interest free loans. That is the theory
It sounds good on paper but implementation is key.
The other thing with this system is that people can now put a price on the cost of going to university. To answer the question
What is The cost of university education in Nigeria. Right now no one knows for public universities. Even if the loan is written off in future people will know what the government has done for them . Right now everyone is entitled and ungrateful

My view is that apart from this government should hands off and ensure genuine autonomy.
If our universities are of world class no one would go to Cambridge
Back in the day in Unilag Aikhomu's children were there and many children of top Nigerians . People came from Cameroon and other African countries.
Apart from this government needs to pay attention to vocational education

tiswell:
Yolobas will fill the student loan scheme,

igbos care less about stuffs like that

Biodun556:
School fees may increase across all federal universities.

The students loan could be another way to gain more supporters during election e.g. loan cancellation or debt forgiveness

Since some parents are borrowing to pay their children school fees, the students loan is not a bad idea because it is interest free.

richiemcgold:
What if a beneficiary failed to secure employment after graduation? How will he/she pay back?

starstaz:

Baba, think outside the box. Life is not gloomy when u are educated . Fortunately for us, the current president is a man of the private sector and he is aware of the benefit of creating jobs for student that commit to student loans. Imagine your capacity and wider outlook, reach and ratings when you obtain a higher education, particularly when you come from poorest of the poor homes in comparison with your ssce certificate in the current state of Nigeria economy. Think through man.

KingKO22:
Good move but I will also advise our new God sent president to champion a scheme that will enable a start up business loan for graduate after nysc service

Biodun556:


During election period, there may be call for dept forgiveness

References1:


https://www.vanguardngr.com/2023/06/breaking-students-loan-begins-september-october-tinubu/

rexchazy:
The so call student loan is wickedness in disguise. Imagine giving student loan and not subsidizing tuition fee is disaster waiting. I saw some group of NAS going to sing solidarity in the state house not knowing a chunk of them will not even graduate from the tertiary institution with the introduction of tuition fee. I attended a federal university with subsidized tuition fee I can only imagine when student start paying lecturer take home. Some of Tinubu policies are anti-people but alot don't see because of nepotism.

richiemcgold:
What if a beneficiary failed to secure employment after graduation? How will he/she pay back?

Lukuluku69:


I don't understand where this response is coming from to be honest. Perhaps, you could read the post I responded to in order to understand why I posted that response.

Alright. Apologies.


( Pressure ti poju ) Lol fa

Prettychild:

How can this be when it was not captured in the budget?

richiemcgold:
What if a beneficiary failed to secure employment after graduation? How will he/she pay back?

rexchazy:
The so call student loan is wickedness in disguise. Imagine giving student loan and not subsidizing tuition fee is disaster waiting. I saw some group of NAS going to sing solidarity in the state house not knowing a chunk of them will not even graduate from the tertiary institution with the introduction of tuition fee. I attended a federal university with subsidized tuition fee I can only imagine when student start paying lecturer take home. Some of Tinubu policies are anti-people but alot don't see because of nepotism.

vickymooore:
Tinubu copied Peter Obi, if you check very well you'll understand that this is one of the Peter Obi's promises during campaigns.

Flets:
This brings to an end any form of subsidized tertiary education in Nigeria

Starting next session, the tuition fees in any FG university will be similar to the rates in private universities. To all those hailing this move, just hold on a bit until the gnashing of teeth starts. Please note that less than 30% of students who request for these loans will get approved.... thanks to Nigeria's endemic bureaucracies.

And you can guess what happens to the funds that would have funded the tertiary education..... to be looted by the current FG and all the vultures waiting in the wings

Nigerians are the easiest people to deceive.... we never reason beyond our noses and tribes

References1:


https://www.vanguardngr.com/2023/06/breaking-students-loan-begins-september-october-tinubu/

Offpoint1:

Baba leave them let them keep praising Tinubu out of foolishness and ignorance, when reality hits them it'll be too late.

A free tuition fee and the one you will have to borrow money to pay which is better? They lack understanding, their ignorance will clear.

MT:


We are not ripe for a free tutiton fee. Even in the UK and US, they pay for tuition fee. Education is not cheap, Mr Cynic.

Offpoint1:

You'll always an excuse for them.

What have you benefited from them since independence?

If a country whose minimum wage is 30k and over 70% of her citizens are living under poverty isn't ripe for free tuition, I wonder which country is ripe for it.