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Senate passes Fresh Student Loan Bill for Second Reading


March 15, 2024

The Senate has passed for second reading the Students Loans Access to Higher Education Act (Repeal and Enactment) Bill, 2024.

This followed a correspondence by President Bola Tinubu, who wrote to the Senate seeking the repeal of the existing law, and has submitted a fresh bill to be passed into law.

This request comes a day after the announcement of a temporary suspension of the commencement of the student loan scheme which would allow students of tertiary institutions access interest-free loans to complete their studies.