N’Assembly Passes Student Loan Bill, Proposes Jail For Defaulters
The National Assembly, on Wednesday, passed the Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024. This comes after separate considerations by both the Senate and the House of Representatives of the report of the Committee on Tertiary Institutions and TETFund. President Bola Tinubu in a letter written to the Senate last Thursday sought the repeal of the existing law and submitted a fresh bill to be passed into law. This request came a day after the announcement of a temporary suspension of the commencement of the student loan scheme which would allow students of tertiary institutions…