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Nigerians are celebrating President Bola Tinubu for signing the Student Loan Bill into law, a provision aimed at assisting indigent students in pursuing higher education. However, there are certain categories of individuals who are deemed ineligible for this loan.
1. Defaulters of Previous Loans
Applicants who have been proven to have defaulted on any previous loan granted by any organization are disqualified from accessing the Tinubu Student Loan. This measure ensures that individuals who have not fulfilled their financial obligations in the past do not have access to additional financial support.
2. Exam Malpractice Offenders
Students found guilty of exam malpractice by any school authority are also banned from accessing the loan. This decision promotes integrity and discourages unethical behavior in the education system.
3. Individuals with Criminal Records
Applicants with a criminal record of felony or any offense involving dishonesty or fraud are not eligible for the Tinubu Student Loan. This requirement ensures that the loan is granted to individuals with good character and integrity.
4. Convicted of Drug Offenses
Individuals who have been convicted of drug offenses are also prohibited from accessing the student loan. This measure aims to support a drug-free educational environment and prioritize the well-being of students.
5. Parents with Loan Defaults
Applicants whose parents (either the father or mother) have defaulted on a student loan or any other loan granted to them are not eligible for the Tinubu Student Loan. This provision ensures that individuals with a history of financial irresponsibility do not benefit from the loan program.
These restrictions are put in place to ensure that the loan is granted to deserving and responsible individuals who will utilize it for their educational pursuits.
This article was updated 1 month ago
