The House of Representatives is cautioning public tertiary institutions in the country against hiking their fees in light of the new law that has introduced student loans.
The Students Loans and Access to Higher Education in Nigeria Act was signed into law last month by President Ahmed Tinubu. It makes money in the form of loans available to indigent students studying at higher institutionsÂ
The warning on fee hikes came as a motion by Honourable Terseer Ugbor (APC-Benue) on student loans an higher education was adopted at the house plenary session yesterday. The legislators agreed to convene a Legislative summit with all stakeholders on students loans and access to higher education.Â
Speaking during the plenary, Honourable Ugbor said the new law is patriotic and is likely to have a positive impact on the lives of underprivileged citizens by giving them affordable access to higher education, pointing out that these sorts of credit schemes are found in many countries across the world. Â
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