₦airaland Forum

Deadi body getty accident yepka

I have said it and I will continue to say it that this FG students' loan is later be a bad debt because I am still wondering how the repayment will be possible, when the FG doesn't have a good system in place to absorb graduates after graduation. Many of these people will later end in a foreign country while many may not have a job but resort to self employed. Countries doing students' loan have a vibrant system of recouping the loan even in many years after graduation.

helinues:
What inspired your question?

nigeria condition

SunShowAfrica:
At the point of exiting the earth plane, the Great Guard will question if you have any DEBT on earth...and how much you have to pay to pass into the next stage.

If you said yes you are OWNING or don't have money, Onibode will tell you to clear your debt before you pass. (that is why kings are buried with live humans and precious stones and money) what are them this debt you owe on the planet Earth you off?

You will have to work your soul extra hard to pay the debt before you are allowed to pass into the next stage.

... But if naa all these Nigerian loan sharks wey you dey owe metchewwee just carry on into Afterlife because Devil sef go understand

What are these debt of the planet Earth you speak off

helinues:
The politicians that have been caught red handed with corruption, have they retrieved all the money?

what has that got to do with this

Wike

Update!

Which kind escapees question is this , Federal Government might have to deduct insurance fee.

Die fess make I check something

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[quote author=Domainer1999 post=131465669][/quote]READ THE TERMS AND CONDITIONS

Domainer1999:
This should a normal question for a sane individual.
People can die at anytime.

Nigerians are not normal nor sane 😀😀

On your grave will be the inscription:
Here lies the body of an APC student loan beneficiary who failed to repay before his demise.
The picture will be used as a collateral to borrow more money from IMF. If the loan is from China, they may elect to harvest your organs so make sure you are healthy before you die.

Na your own chair of our national cake be dat. So die if you wan die

helinues:
What inspired your question?

He wants to fake is death, we are watching you

You don't throw away a good idea because of the challenges. You address the challenges. This is a new program at the lowest maturity level. Let them run it and improve on it.

Many indigent students drop out of school and most people don't care. This is a lifeline for them. That is a bigger consideration than loan repayment concerns.

Someday a new set of youths who got education via the loan will champion the need to always pay back so others could benefit.

Later, government can rethink the process and include endowment funds where individuals & organizations can help contribute to the loan scheme.

Challenges should not kill a great vision.

IfnobeGod20:
I have said it and I will continue to say it that this FG students' loan is later be a bad debt because I am still wondering how the repayment will be possible, when the FG doesn't have a good system in place to absorb graduates after graduation. Many of these people will later end in a foreign country while many may not have a job but resort to self employed. Countries doing students' loan have a vibrant system of recouping the loan even in many years after graduation.

Elegance Is Simplicity, All the gods will die like men.

Your guarantor(s).

Lanre1st:
You're taking it too far. Even if you collect student loan and doing fine after graduation (I mean getting good job with good income) nobody will collect a penny back from you.

This Nigeria, we witness multiple loans during Jonathan, especially during Buhari, who is collecting that money back. If you're opportune or have chance to secure student loan, collect it either you are a student or not, it's part of those money government use to cool tension of the masses and divert their attention from govt embezzlement

You are deceiving yourself. Lenders now have your BVN and NIN. They will easily activate the CBN mandate to retrieve the money you borrowed from them.

your wife or your children ofcourse

Oya so pe oti lor

[quote author=Domainer1999 post=131465669][/quote](h) Repayment of loans by beneficiaries



– The Fund shall not initiate loan recovery efforts until two years after the completion of the National Youth Service Programme.

– A beneficiary may request an extension of enforcement action by the Fund by providing a sworn affidavit indicating that he/she is not employed in any capacity and is not receiving any income.

– Only a person who provides a false statement to the Fund under this section is guilty of a felony and is liable to imprisonment for three years.

– Makes provision for loan forgiveness in the event of death or acts of God causing inability to repay.

The Act effectively removes the previous encumbrances found in the first iteration of the Act, and paves the path for the protection of Nigeria’s future by ensuring that citizens have the means to fund their education, acquire critical skills, and become productive contributors to national development.



Chief Ajuri Ngelale

helinues:
What inspired your question?

Baba wan fake death japa.

Dye fess


Na joke I dey oo

It becomes a bad debt and it written off.

The loan is a conduit pipe that BAT is using to siphon money to his account.

He ought to say free tuition fee,or half school fees not student loan.
The Govt went for the loan giving as excuse .

After they quoting 1trillion as loan you that got xy amount will regret why you collected the loan

The probability is low. The number of debtors that die in the mix is negligible. The collateral for such a loan is your working years just like the collateral for Dangote refinery is the Nigerian market.

E be like say some people they plan to take their death..

SunShowAfrica:
At the point of exiting the earth plane, the Great Guard will question if you have any DEBT on earth...and how much you have to pay to pass into the next stage.

If you said yes you are OWNING or don't have money, Onibode will tell you to clear your debt before you pass. (that is why kings are buried with live humans and precious stones and money)

You will have to work your soul extra hard to pay the debt before you are allowed to pass into the next stage.

... But if naa all these Nigerian loan sharks wey you dey owe metchewwee just carry on into Afterlife because Devil sef go understand

Chai, you don watch Yoruba Abule film taya

[quote author=Domainer1999 post=131465669][/quote]If a borrower dies, their federal student loans are discharged after the required proof of death is submitted. The borrower's estate or family is not responsible for repaying the loans.