₦airaland Forum

Runnerzz:
And I say u lack common sense. Just read the bold. How do u know they're living large? Have they complained to u that they're stranded. So because u sponsored someone then they should not make progress? A rational human being will be happy seeing that his efforts aren't wasted when his/her protege is coming up but u being a sad bastard want them to remain wretched. What kind of smelling mindset is that? I know ur type and they never end well even if they manage to seem to be doing fine because they want others around to serve and Lord them for eternity forgetting life goes on and people grow. Give the young a fvcking chance to spread. If ur wise u will guide them right not hate... Every boss once served. Bitcch nigga

You obviously have not been following the story. They cried out to their sponsor that they were stranded.
I have no issues with their living large, but not when they are still financially dependent on the goodwill of their sponsor Pastor that lifted them from poverty.
Would have been OK if they'd gotten a job to support their lifestyle.

Runnerzz:
What nonsense is this one saying? Living large how? By dressing up and looking good? Would u rather prefer ur kids live in abject poverty and look dirty and tattered? Poverty is affecting u mentally. U need help man

You lack comprehension Bro. Read my comment again but pay attention to the bolded...
Even seeing your own child you struggled (financially) to send abroad for education, living large like that will sink your heart.

Those 2boys are poor & were sponsored. No way their sponsor would be happy seeing them living large & yet complaining of being financially stranded.

They simply lacked wisdom.

Even seeing your own child you struggled to send abroad for education, living large like that will sink your heart.

These people should focus on how well & not how long.
Someone can just be shaking his body in the name of dance for hours just to break record.
Or one chef can cook tasteless food for 150hrs.

Thunder just dey strike the wrong targets.

But wait o,
Struck by thunder on Tuesday evening, buried Wednesday morning.
Hope he was not buried alive.

Ok

May we not be victims of Near Success Syndrome 🙏

Coolgent:
You are right though my brother survived plane crash with only minor scratch, he us still alive after 17 years

Waooh! This is huge.
Any aircrash survivor should consider himself extremely fortunate to get a rare 2nd chance at life. 👍

7upnigeria:
Low IQ, you think say na Obi sign the bill. This is Tinubu, you'll be surprised how he will get the money back.

OK. But your throwing tantrums doesn't show a matured mind.

Meaning he is not really a soccer enthusiast.

Jeezuzpick:
It will be an option, not compulsory.

Once taken, repayment is a must.

It's being done in the U.S.

However, the problem here is that school fees are about to get jacked up, and most students will have no choice but to take it.

I bet you, over 75% of students will apply for the loan.
In places like US, repayment is easier because of availability of jobs after graduation, etc.

Olatara:
You you start working, you can pay back your loans in percentages.

It called loan for a reason.

Yes. The keyword here is "If/when you start working"

Mandesz:
Your reasoning is bad. Access to the loan may be with collateral or u get your original certificate when the loan is fully paid.

A truly indigent student is unlikely to have collateral.
&how many Nigerians work with certificates?
Anyway, the success of the scheme would be predicated on beneficiaries later graduating & becoming gainfully employed.

ImperialYoruba:
I think you should substitute earnings/income in place of gainful employment.

A person who inherited an estate may not be employed but end up with income to repay the loan. There could also be govt intervention programs to help offset/forgive the loan, either partial or in full.

Say for instance govt is trying to recruit into an area of occupation that is not attractive to graduates, like teaching or civil defense. They might target student loan beneficiaries with forgiveness offers in lieu of tenured service.

Best way to sustain the scheme would be for Government to employ most of the loan beneficiaries when they graduate.
Else it will be difficult to recover the loans except the economy booms & jobs abound for graduates.

sapele914:
Because you think you are wiser than the people who made the law?

I may not be wiser, but then it is humans that made the law & nobody is infallible.

Muyoatlanta:
When you start working, they will garnish your paycheck.
Nahsothethinggo

The success of this scheme will be predicated on the recipient students later graduating & becoming gainfully employed.

babyfaceafrica:
Hope you know there will be guarantors who will stand for you. If you fail to pay back, your guarantors must pay

Easier said than done. The guarantor can as well sponsor the student or loan him the money.
Anyway the only chance of repayment is if the student graduates & becomes gainfully employed.

Femmyfamous4u:
That's the problem. Why will they not pay back? It is international standard. It is done in the United States, Canada and advanced countries.

Obviously, repayment will be predicated on the student later graduating and becoming gainfully employed.

LegendHero:
They will pay it back and it is not a scholarship.

The full details of the bill will be out soon and lot of questions will be answered.

We'll wait for details but it is obvious repayment would be predicated on the student graduating & becoming gainfully employed.

ImperialYoruba:
First, Legendhero, thanks for bringing this news to Nairaland. Very positive outlook.


Manwater, it is not scholarship.

Scholarship is govt assistance. A loan is self assistance through banks. However, govt will guarantee the deficits.

So say someone take loan and go to university and graduates, then start working. Bank can followup with their employer, govt or private sector, to begin deducting payback for the loan. It is interest free so whatever they took in loan isbwhat they pay.

Scholarship on the other hand does not ask for payback.

Got it?

Well, we'll wait for details of the scheme but it seems the only chance of repayment would be if the students graduate & become gainfully employed.

Would they be willing to return & resume in a Nigerian school? They should plead with their sponsor for that option.

This is good.
But they can as well call it Scholarship because no student will pay back a loan.

ManWater:
Obviously, the success of this scheme will be predicated on the recipient students later graduating & becoming gainfully employed.

Surviving an air crash is a major miracle talkless of surviving for another 40 days before rescue.

99k. Serious buyer.

Both are important & it becomes challenging if one or both are missing. These challenges require extra determination to overcome.

Why is everyone focused on how long & not how well?
Who will like to marry a wife that can spend 120hrs cooking tasteless dishes.

lexy2014:
Was there anything wrong with the subsidy in the first place?

Citizens' perspective: Nothing wrong
Government's perspective: Not sustainable

This subsidy removal is just another revenue-generating scheme of Govt. Though necessary, but it was a case of extracting a rotten tooth without anaesthesia.