as the Student Loan Act, and re-enactment of a fresh one.
In the new Act, any beneficiary that provides false information would be liable to a three-year imprisonment. The bill before the House of Representatives seeks the establishment of the Nigeria Education Loan Fund as a corporate body to outlaw the Students Loans Act 2023 and enactment of the Student Loan Bill 2024.
Another notable change contained in the proposed legislation mandates the Fund not to initiate loan recovery efforts less than two years after completion of the one-year National Youth Service Corps programme. Leading debate on the bill, Bamidele said it sought to enhance the implementation of the higher education loan scheme, by addressing challenges relating to the management structure of the Nigerian Education Loan Fund .
The group contended that if the government truly wants to assist indigent students, it should recalibrate the scheme as a grant to support the cost of living cost, while discouraging fee hikes.Before flagging, please keep in mind that Disqus does not moderate communities. Your username will be shown to the moderator, so you should only flag this comment for one of the reasons listed above.
Source: Education Headlines (educationheadlines.net)
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