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ABSU Student Loan | See Requirements and Application Form

ABSU Student Loan

Abia State University management has opened a student loan portal to enable interested candidates for the ABSU student loan to apply. This opportunity is given to all ABSU students from any level of study who are having difficulties paying their tuition fees.

The ABSU Student Loan has no interest attached, beneficiaries will only pay back exactly what they collected. However, see everything you need to know about the ABSU Student loan, how to apply, eligibility criteria, requirements, etc as you read through this article to the end.

 

Is ABSU Student Loan Application Portal Open?

Yes, The ABSU student loan is missioned to ease students’ academic funding, thereby promoting higher learning accessibility for the less privileged.

The ABSU student loan will cover only tuition fees, it does not include accommodation and other expenses and every student from level 100 – 400 can apply. Visit the ABSU student portal via www.abiastateuniversity.edu.ng.

 

Who is Eligible to Apply?

All registered students of ABSU are eligible to apply for loans from level 100 to the final year students.

 

How Long Does the ABSU Student Loan Last?

The ABSU student loan will last throughout the student’s course duration. The beneficiary will pay back two years after the compulsory National Youth Service Corpse.

 

Facts About the ABSU Student Loan 

  • It is an interest-free loan for indigent ABSU students in which beneficiaries will repay the exact amount collected.
  • The student loan is for less-privileged or poor students seeking higher education in public universities, polytechnics, and colleges of education in the country.
  • All indigent students have equal rights to access the loan without any discrimination arising either from gender, religion, tribe, position, or disability of any kind.
  • Only accessible to Nigerian students and it’s just for tuition fee payment.
  • Student family income must be less than N5000,000 per year
  • Loan repayment is two years after completing the National Youth Service Corps (NYSC)
  • The loan repayment method shall be facilitated through a direct deduction of 10% of the beneficiary’s salary every month.
  • Defaulters of the loan repayment shall be upon conviction liable to a fine of N500,000 or imprisonment for 2 years, or both.

 

Eligibility Criteria and Requirements

  • Must be a Nigerian
  • Must be a registered ABSU student 
  • NIN
  • Must present two guarantors, a civil servant with at least 12 years in service and a lawyer who has at least 10 years of post-call
  • Must have any of the O’level certificates such as FSLC, WAEC, NECO, or NABTEB/GCE 
  • Computer literacy is pertinent for all applicants
  • proficiency in oral and written English Language
  • University admission letter
  • JAMB UTME Result
  • LGA certificate
  • State of origin certificate

 

How to Apply for ABSU Student Loan 2024

  • Visit the official ABSU Student loan application portal via www.abiastateuniversity.edu.ng
  • Navigate to the Student Loan menu.
  • Supply your academic details.
  • Complete the form with your details and upload the required documents.
  • Submit your application

 

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What is the ABSU Student Loan Act?

According to the Act, The beneficiaries of the ABSU Student Loan are to commence paying back the loan two years after completion of the one-year mandatory National Youth Service Corps (NYSC). The education loan fund will work with the student and their employers to deduct the funds from the beneficiary’s monthly salary.

Ensure using your correct details and make sure you meet the above requirements before applying. Successful applicants will be called and undergo a screening exercise.

However, to not miss out on the latest updates regarding ABSU Student Loan | See Requirements and Application Form, bookmark this page or give us a message using the comment box. Thanks. Good Luck!

 

Author

  • Michael

    This post is authored by Michael Offiong, an Editor of Recruitment Portfolio. Boasting over a decade of expertise in the recruitment sector, Michael provides up-to-date information on jobs and recruitment topics, career opportunities, and breaking news stories.

One response to “ABSU Student Loan | See Requirements and Application Form”

  1. Michael udoh Avatar
    Michael udoh

    Learnt something. Thank you

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