Students loan: Reps oppose increase in tuition fees 

The House of Representatives has urged public tertiary institutions in Nigeria not to take advantage of the recently enacted Students Loans and Access to Higher Education Act, to jerk up tuition fees for students.

The resolution was fallout of a motion adopted on Thursday by Hon. Terseer Ugbor.

According to him, the use of student 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, especially for the less privileged, adding that while the objectives and intention of the Students Loans (Access to Higher Education) Act, 2023 are patriotic, there are several critical omissions and identifiable bottlenecks that may frustrate its successful implementation.

“While financial support from family members and relatives is often considered a traditional source for funding higher education globally, recent trends in the past sixty years indicate that governments in both developed and developing countries have in place, various Students loan and Educational Credit Schemes to enable students to borrow towards the funding of higher education.

“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”, he stated.

He however cautioned that care must be taken to guard against taking advantage of the window to hike tuition fees for students.

The resolved to constitute an ad hoc committee with a view to convening a legislative summit on students loans and access to higher education with all stakeholders in the sector.