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Five categories of people banned from Nigerian Student Loan

President Bola Tinubu has been widely hailed for his assent to the Students Loan Bill, a provision that is expected to help indigent students to go through higher institutions.

However, five categories of people have been ruled ineligible for the loan and they include those who may have defaulted in the repayment of loans granted by any organization including fine-techs.

Read Also: President Tinubu signs Student Loans bill into law

Here are a list of those who cannot access the Tinubu student loans.

1. He is proven to have defaulted in respect of any previous loan granted by any organisation.

2. He has been found guilty of exam malpractice by any school authority.

3. He’s convicted of felony or any office involving dishonesty or fraud.

4. He has been convicted of drug offenses

5. Any of his parents has defaulted in respect of student’s loan or any loan granted to him or her.

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