Student Loan: NANS Advocates Five-year Post-NYSC For Repayment

Last Updated on Mar 20th, 2024
National Association of Nigerian Students (NANS)

The National Association of Nigerian Students (NANS) has proposed that student loan repayment should begin five years after NYSC (National Youth Service Corps).

The NANS President, Lucky Emonele, advocated this at Abuja on Monday, during the repeal and re-enactment of the 2024 Students Loans Access to Higher Education Bill.

He stated that the current proposal requiring repayment to begin two years after NYSC completion was unrealistic.

Emonele also noted that there was a low graduate employment rate within that timeframe, with less than 10% securing jobs.

The Minister of Education Prof. Tahir Mamman, lauded President Tinubu’s commitment to education and noted the importance of the public hearing in serving the interest of Nigerian students.

Other notable personalities at the hearing were the Chairman of the committee, Senator Muntari Dandutse, and the Deputy Senate President, Jibrin Barau.

An extended repayment period, as proposed by NANS, would give graduates more time to get on their feet financially.

Check out our guide for more information on student loans in Nigeria

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