Following the growing concerns that tertiary institutions might increase tuition fees on the heels of the recently passed Students Loan Act, the House of Representatives has warned against such a move.
It also resolved to convene a legislative summit on student loans and access to higher education with all stakeholders in the education sector.
This resolution followed the consideration of a motion moved at plenary by Terseer Ugbor, the member representing the Kwande/Ushongo federal constituency of Benue State.
Presenting the motion, Ugbor said the aim of the act was to enable students to borrow to fund their education, away from the traditional parental provision.
He said: “The use of students loans and educational credit schemes in most countries of the world is often justified on the grounds that it guarantees greater access to higher education for the less privileged citizens
“It is further predicated on the notion that education is an investment in human capital, which in turn promote individual development, economic growth and national productivity.
“After several years of unsuccessful attempts by successive administrations to introduce students loans, scholarships and other educational credit schemes, the 9th National Assembly passed the Students Loans (Access to Higher Education) Bill, 2023, which was recently signed into law by the president to provide the legal and institutional framework for implementation of a Students Loan Scheme in the country.
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