The Federal Government says it is working out modalities to begin the disbursement of student loans in September. According to Adejo, President Tinubu has directed that the first recipients of the loan must be available for the 2023/2024 academic session. It will also perform normal banking functions and make sure loans are given because we had cases of loan recovery in the past,” he addedMeanwhile, the recently signed student loan act has continued to get support from interested stakeholders. The association praised President Tinubu for its signing while urging him to review the constitution of the special committee that will oversee the new Nigerian Education Loan Fund to include student representatives. We want to equally thank you for the Students Loan Bill.”

Source: Punch June 15, 2023 03:08 UTC