BREAKING: Disbursement of Student Loan date has been Released

BREAKING: Disbursement of Student Loan date has been Released

NewsReport Nigeria gathered that President Bola Ahmed Tinubu-led government on Wednesday, June 14, announced its plans to initiate the disbursement of student loans starting in September and October 2023. David

Adejo, the Permanent Secretary at the Federal Ministry of Education on behalf of the federal government confirmed this update during a media interaction held in Abuja on Wednesday, The Nation reported.

Adejo says the FG is working out modalities to begin the student loan as he speaks further on the bill signed by President Tinubu on Monday, June 12.

Adejo added that the law would provide easy access to higher education for indigent Nigerians through interest-free loans from the Nigerian Education Loan Fund, The Cable report added.

The loan, he said, covers the loan students in private and public schools, The Punch reported. He noted further that President Tinubu had also approved a committee made up of ministries and agencies to see to the fruition of the loan scheme.