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National Assembly passes student loan amendment bill.
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The National Assembly has passed the Student Loans known as Access to Higher Education Act (Repeal and Re-Enactment) Bill, 2024. The re-enactment bill was passed on Wednesday 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 had 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. The student loan scheme was scheduled to take off last Thursday, but the Presidency decided to make some amendments to the bill before implementation which the Senate gave expeditious consideration in plenary. The amendments sought by the president, included the removal of the family income threshold as a condition for applying for the student loan, removal of guarantor requirement so that students can apply for and receive loans subject to application and identity verification guidelines as provided by the Fund, among others.

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