The National Association of Nigerian Students, NANS, has urged the House of Representatives to amend the Student Loan Act over its stringent requirements and short repayment timeframe, among other concerns.
The NANS president, Usman Barambu pushed for the amendment on Thursday at a legislative summit on students’ loans and access to higher education, organised by the House ad-hoc committee in Abuja.
Barambu called for the inclusion of student representation on the board. “Student loans are for us yet on the board there is no student representation,” the NANS President said.
He also pushed for the act to accommodate polytechnics and colleges of education rather than universities only.
“The board only captured NUC sidelining the polytechnic and colleges of education, which should all be included for fairness and equity,” Barambu stated.
Again, he noted that the act also “gives no room for forgiveness in cases of death especially for security officers, that should also be looked into.”
On the repayment timeframe, Barambu proposed a four to five-year repayment plan.
“The method of payment should be looked into as most students will not be able to find their ground financially two years after graduation, therefore, it should be revised to four to five years,” he said.
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