Source: Franktalk Magazine
- President Bola Tinubu signed the Student Loans (Access to Higher Education) (Repeal and Re-enactment) Bill, 2024 into law.
- The aim is to ensure sustainable higher education and skill development for Nigerian students.
- The Act establishes the Nigeria Education Loan Fund (NELFUND) to provide loans for education and skills training.
- Governance is separated from management within the Fund.
- The Act defines the resource structure and changes eligibility criteria for loans.
- It ensures fair loan repayment and allows for loan forgiveness.
- These amendments are intended to enhance access to education and skills training, contributing to national development.
Read more about this article: https://childreninfobank.com/safebank/in-detail-student-loans-access-to-higher-education-act-2024/
Source of Image: Franktalk Magazine