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Nairaland Forum / Nairaland / General / Politics / Fg Students Loan Conditions And Requirements Na Wash, See Why? (871 Views)
FG Postpones Students Loan Indefinitely / Students Loan Begins September/october — Tinubu / National Assembly Passes Students Loan Bill (2) (3) (4)
Fg Students Loan Conditions And Requirements Na Wash, See Why? by Gmone: 6:56pm On Jun 16, 2023 |
I noticed some people are happy about the Student Loan Some even said "Tinubu can continue, he is taking hard decisions". For that reason, I have decided to break down the smokescreen called Student Loan It's just an attempt to remove "Education Subsidy" without causing an uproar. Now let's dive in: Who qualifies for the Student Loan: The simple answer is: NOBODY. It's almost impossible for you to qualify for the Student Loan and here is why 1. An Applicant or his parents must provide tax clearance: This is not totally bad till you see number 2. 2. The Applicants or his parents must be earning total income less than #500k a year. Now slow down and do the maths To earn #500k a year means that the husband and wife are earning less than #41,000 a month. That is #20,000 each While minimum wage is #30,000 Which means if your both parents are earning, you are automatically disqualified because they are either earning more than #41,000 or they do not pay tax because you cannot pay tax on salary below minimum wage. 3. Now here is the high jump of the Act: These 2 people earning less than #50,000 will now have to provide a DIRECTOR IN CIVIL SERVICE and a LAWYER OF 10YEARS IN SERVICE as Guarantor Take into consideration, yourself doing good for yourself, do you know DIRECTOR in Civil Service? But that is not the worst part 4. The Director and the Lawyer have to surety that if you default, they will pay the loan Do you know what that means? NO DIRECTOR WILL TAKE SUCH SURETY. But here is the worst part 5. After you meet all these requirements, will you get the loan? NO! The act said "Loan will be given when funds are available. In other terms, you are still at the mercy of the system" In summary: If you add your father and mother's income monthly, it must not be more than #41,000 a month or #500,000 a year Your father and mother must look for a Director in Civil Service to Surety your loan The Director will send his Payslip document to the Bank saying that if you fail to pay, he will pay. Who will do this one for you? Did I tell you that the Bank MD will be the one to give approval? Bank MD! Did I also tell you that if you don't start repaying after 2years of graduation, you will go to jail? 😩 Many graduate have not even gone to NYSC in 2years after graduation The worst part now is: School Fees will go up above the loan amount because Federal Government has announced that they cannot continue to fund Universities. So if you are reading this, you are not qualified for the Loan. Copied. The above is the summary of the conditions and requirements for accessing students loan. What do you think? 3 Likes 2 Shares
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Re: Fg Students Loan Conditions And Requirements Na Wash, See Why? by techmo(m): 6:58pm On Jun 16, 2023 |
An Applicant or Parents must earn less than 500,000 How many applicants earn 500,000 a year 1 Like |
Re: Fg Students Loan Conditions And Requirements Na Wash, See Why? by Gmone: 7:02pm On Jun 16, 2023 |
techmo: That's not even the issue.. Read down.. We Nigerian need to take time and read oo.. Politicians go use letter sell us. |
Re: Fg Students Loan Conditions And Requirements Na Wash, See Why? by Flight90: 7:08pm On Jun 16, 2023 |
The loan of a thing is just a big trap!!! 1 Like |
Re: Fg Students Loan Conditions And Requirements Na Wash, See Why? by SpatialKing(m): 7:43pm On Jun 16, 2023 |
You might not be able to leave Nigeria or japa if you are defaulting on the loan.. |
Re: Fg Students Loan Conditions And Requirements Na Wash, See Why? by Tallesty1(m): 7:51pm On Jun 16, 2023 |
SpatialKing:Lols |
Re: Fg Students Loan Conditions And Requirements Na Wash, See Why? by Gmone: 8:39pm On Jun 16, 2023 |
SpatialKing: Lol |
Re: Fg Students Loan Conditions And Requirements Na Wash, See Why? by Hyperchi(m): 8:52pm On Jun 16, 2023 |
I said it this loan tin is pay u kill u program. Even someone filing for C of O will get it be4 loan applicant do |
Re: Fg Students Loan Conditions And Requirements Na Wash, See Why? by helinues: 8:53pm On Jun 16, 2023 |
Awon wailers ma wa alright las las |
Re: Fg Students Loan Conditions And Requirements Na Wash, See Why? by Weybuhari: 9:11pm On Jun 16, 2023 |
That's not all, the applicant (s) will need the VC to sign your application ooo. Some VCs scarce pass president |
Re: Fg Students Loan Conditions And Requirements Na Wash, See Why? by Gmone: 9:29pm On Jun 16, 2023 |
Weybuhari: Lol |
Re: Fg Students Loan Conditions And Requirements Na Wash, See Why? by CodeTemplar: 9:36pm On Jun 16, 2023 |
Lol...made sense. |
Re: Fg Students Loan Conditions And Requirements Na Wash, See Why? by Mabizeka: 10:09pm On Jun 16, 2023 |
helinues:Hi, congratulations. I've secured a good job for you ok. Now you can be engaged. 2 Likes |
Re: Fg Students Loan Conditions And Requirements Na Wash, See Why? by obi4eze(m): 11:34pm On Jun 16, 2023 |
Thank God your eyes are opening to see this big SCAM |
Re: Fg Students Loan Conditions And Requirements Na Wash, See Why? by olisaEze(m): 11:40pm On Jun 16, 2023 |
Even GWR is observing Tinubu and his sign-a-thon with 'aMAIZEment' so don’t be bothered if you think he’s signing your destinies away! The important thing there is he’s experienced in signing! There are less cars on the roads now and foodstuff prices have gone to astronomical levels. But no worry, Oga at the top is experienced! What he’s experienced in is what I don’t know, but he’s sha experienced according to his aMAIZEing supporters! |
Re: Fg Students Loan Conditions And Requirements Na Wash, See Why? by Gmone: 3:50pm On Jun 17, 2023 |
olisaEze: When someone is playing out someone else's Manifesto, the person may end up causing disaster. |
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