The Academic Staff Union of Universities, ASUU has asked President Bola Tinubu to change the new Students Loans Act to an education grant for indigent students.
The ASUU National President, Prof Emmanuel Osodeke stated this on Channels Television’s Sunday Politics.
According to the ASUU President, more than 90% of students won’t meet the “stringent requirements” to access and repay the loan.
Osodeke said, “This would have been better if we are giving it to those set of students who are very poor, it should be called a grant, not a loan,”
“It should be called a grant since it is coming from the Federation Account and not that (after) these people have access it and when they are graduating, they have heavy loads behind them and within two years, if they don’t pay, they go to jail. That’s why we’re talking about collective bargaining, you have views from all the sides.”