First student loan scheme bill passes second reading

ByTunde Fatunde. A bill to create a student loan scheme – called a Higher Education Bank – has passed a second reading in the national assembly and is expected to be approved soon. As expected, there was jubilation among students over the scheme, which is unprecedented in Nigerian higher education. Student beneficiaries would receive sufficient funding to pay for their higher education and would begin repayment two years after finishing their studies. However, some lecturers called for caution regarding the loan scheme’s implementation. Read more...