The House of Representatives Ad-hoc Committee on Student Loans and Access to Higher Education is meeting with the National Universities Commission (NUC), Central Bank of Nigeria (CBN), students’ representatives, and other stakeholders to discuss the proposed student loan scheme of the federal government.
UNITY TIMES reports that the meeting is convened by the committee chairman, Terser Ugbor, to gather more information from stakeholders on the best approach and strategy to implement the scheme.
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Ugbor said the committee would present its report to the House for legislative action on the proposed amendments to the Students Loans Act.
He said, “For emphasis, students’ loan is an important aspect of modern education financing around the world. It creates access to education for students who would otherwise be unable to afford a higher education or unable to study professional courses needed for our scientific development, industrialization, technological advancement, and economic growth.”
“For students’ loans schemes to be successful, they must be easy to access, easy to repay, and supported by flexible exit plans so as not to overburden our young citizens and stifle their development after graduation.”