Repayment of student loan begins two years after NYSC – FG

Date:

Share post:

The Federal Government has said the recovery process from beneficiaries of the Nigeria Education Loan Scheme would commence two years after the National Youth Service Scheme.
The Executive Secretary, NELFund, Dr. Akintunde Sawyer, made this known during an interview with the News Agency of Nigeria on Thursday in Abuja.
On June 12, 2023, President Bola Tinubu signed the Access to Higher Education Act, 2023 into law, to enable indigent students to access interest-free loans for their educational pursuits in any Nigerian tertiary institution
However, Sawyer said that the reason for the two-year grace after NYSC was to afford the beneficiaries enough time to get money for the repayment.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

JUKUN WOMAN TRAINS FEMALE SECONDARY SCHOOL STUDENTS IN WUKARI ON SCIENCE AND MATHEMATICS

A day programme for public and private secondary schools for science students known...

Court grants former CBN governor, Emefiele, N50 million bail

Court grants former CBN governor, Emefiele, N50 million bail A high court in Ikeja, Lagos, has granted a N50...

BREAKING: Nigerian Court Sentences Popular Cross-dresser, Bobrisky To Six Months In Jail With No Option Of Fine

BREAKING: Nigerian Court Sentences Popular Cross-dresser, Bobrisky To Six Months In Jail With No Option Of Fine A Federal...

Taraba bridge metals vandalised amid funding challenges

Taraba bridge metals vandalised amid funding challenges Driven by frustration and desperation, some Indigenes of Ibi community in Taraba...