The Federal Government has disbursed N2.5bn institution fees to twelve schools. EKO HOT BLOG reports that the Spokesman of the Fund, Nasir Ayitogo, made the disclosure in a statement on Friday in Abuja, saying that 22,120 students benefited from the exercise. EDITOR’S PICKS VIDEO: Angry Lagos Residents Vandalise MTN Office Over Mass Disconnection After Tinubu … Read more
President Bola Tinubu has sanctioned N35 billion for the launch of the student loan scheme. According to figures from the Nigerian Education Loan Fund obtained by The Nation, 70,000 applications have been approved so far. Additionally, another 50,000 applications are currently being evaluated and are expected to be approved within 30 days. Editor’s Picks Minimum … Read more
ASUU, Calabar Zone, criticizes the Federal Government’s student loan, calling it a scheme to indebt Nigerian students. The student loan program started last Friday, with 3,764 applications from 126 institutions on the first day. ASUU’s Dr. Happiness Uduk highlights the irony of former scholarship beneficiaries now promoting student loans. EKO HOT BLOG reports that the Academic … Read more
EKO HOT BLOG reports that President Bola Ahmed Tinubu has promised the reinvigoration of the livestock value chain in Nigeria to transform the challenges to economic opportunities. The president who performed the official flag-off of the agric mechanisation revolution for food security in Minna, Niger Stare, yesterday called for the cooperation of state governors. EDITOR’S PICKS … Read more
EKO HOT BLOG reports that President Bola Tinubu led administration will launch the Student Loan Scheme on Thursday, March 14, 2024. The Special Adviser to the President on Media and Publicity, Mr Ajuri Ngelale, said this on Sunday during TVC’s Politics on Sunday. On the programme titled ‘Counting the Cost of Presidents Tinubu’s Reforms,’ Ngelale highlighted … Read more
EKO HOT BLOG reports that ahead of the official launch of the Student Loan Scheme on February 21, 2024, the Nigeria Education Loan Fund said it is finalising repayment modalities. Although it confirmed that the 10 per cent direct deduction from the beneficiaries’ salaries still stands, applicants can pay higher percentages or 100 per cent upfront … Read more
EKO HOT BLOG reports that the federal government, on Monday, January 22, assured that the soon-to-take-off Student Loan Scheme would be devoid of human intervention as every action would be taken on an application, specifically designed for the purpose. This assurance was given by the Executive Secretary and Chief Executive Officer of the Students Loan Board, … Read more
EKO HOT BLOG reports that the federal government has revealed that the disbursement of the Students Loans scheme is scheduled to commence during the 2023/2024 academic session. The Permanent Secretary of the Federal Ministry of Education, David Adejo who made the disclosure said specifically that the government had set a September 2023 commencement date. … Read more
EKO HOT BLOG reports that following the growing concerns that tertiary institutions might increase their tuition fees on the heels of the recently passed students loan act, the House of Representatives has warned against such move. The House also resolved to convene a legislative summit on students loans and access to higher education with all … Read more
ASUU has asked President Tinubu to change the Students Loans Act to a grant for indigent students. The loan is impracticable and unsustainable, according to ASUU. There are more than one million students in Nigerian public universities and the loan cannot adequately cater for students’ tuition. EKO HOT BLOG reports that the Academic Staff Union … Read more
Details of how to apply for the Nigerian government’s student loan can be accessed on Eko Hot Blog. Recall that President Bola Tinubu signed the Students Loan Bill into law on Monday which will enable Nigerian students to have access to interest-free loans. EDITOR’S PICKS Major Nigeria Newspaper Headlines Tuesday, June 13th, 2023 June 12: … Read more
Biden Writes Off $10,000 In Student Debt For Millions EKO HOT BLOG reports that US President Joe Biden will cancel up to $10,000 (£8,474) in federal student loans for millions of Americans who earn less than $125,000 each year. Biden will also forgive $20,000 of debt for students on Pell Grants, which applies … Read more