President Bola Tinubu has received widespread praise from Nigerians following his signing of the Students Loan Bill into law, a move expected to provide crucial assistance to indigent students pursuing higher education.
In this article, TRIBUNE ONLINE sheds light on five categories of individuals deemed ineligible for the loan.
Outlined below are the individuals excluded from eligibility for the loan:
1. Previous Loan Defaulters: Applicants who have been proven to have defaulted on any previous loan granted by any organization.
2. Exam Malpractice Offenders: Applicants found guilty of exam malpractice by any school authority.
3. Criminal Record Holders: Applicants with a criminal record of felony or any offense involving dishonesty or fraud.
4. Drug Offenders: Individuals who have been convicted of drug offenses.
5. Parental Loan Defaulters: Applicants whose parents (either father or mother) have defaulted on a student loan or any loan granted to them.
President Tinubu's decisive action in signing the Students Loan Bill underscores his administration's commitment to expanding access to education and empowering disadvantaged students to fulfill their academic aspirations.
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