Student Loan Scheme Will Keep Students in Perpetual Debt- ASUU
The Academic Staff Union of Universities (ASUU) has stated that the proposed student loan scheme will keep students in perpetual debt.
This was contained in a statement on Thursday 15 February after the union’s National Executive Council meeting at the Niger Delta University, Wilberforce Island, Bayelsa State.
ASUU argued that the Students Loan Scheme, being pushed by international money lending agencies like the International Monetary Fund and World Bank would deprive public universities of funds.
The statement reads: “For the avoidance of doubt, the NEC of ASUU reiterated its rejection of the Students Loan Scheme which is being promoted by international money lending agencies such as IMF and World Bank.
“Nigerians should be aware that the scheme is a way of starving public universities of funding and a ploy to divert public funds into private universities owned by politically exposed individuals and their friends.
“NEC further observed that the students’ loan scheme will mortgage the entire university system and keep our promising students in perpetual indebtedness.
Source: The Nation
