New Student Loan Scheme Seeks to Mire Nigerians in Debt

New Student Loan Scheme Seeks to Mire Nigerians in Debt By Biliaminu Manne Students' Loan _Young Nigerians face many obstacles in furthering their education. The government wants to make it even harder._ It may sound logical to some that new student loan legislation proposed by the Nigerian government will serve as a solution for students who have no financial means, but for many Nigerians, it will end up being a burden for the less privileged. Despite its many downsides, most poor students and their families will view it as a possible solution in paying for school. According to the legislation, students are expected to begin repayment on their loans two years after compulsory National Youth Service Corps, or NYSC, training. Nigeria is a country with a long history of high unemployment, which begs the question of how students will afford to repay their loans when graduates are struggling to survive. It is no longer news that the country has few employment opportunities, and the un...