ABU Student Loan and How to Apply

ABU Student Loan: Students who wish to study at Ahmadu Bello University (ABU) can now apply for a student loan given by the school.

Whilst there are ways to gain financial aid – such as scholarships, grants, sponsors etc. – to study at the school, this article concerns mainly how to obtain the ABU student loan.

The difference between student loans and other financial aid opportunities is that after you graduate from the academic institution, you will have to pay back the money loaned to you by the school.

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About Ahmadu Bello University (ABU)

Ahmadu Bello University is a federal government university based in Zaria. It was founded as the University of Northern Nigeria on 4th October 1962. This research institution was named after the first premier of northern Nigeria and the university’s first chancellor – the Sardauna of Sokoto, Alhaji Sir Ahmadu Bello.

The academic institution is quite large. It comprises of diverse student body and different faculties and departments. The school is open to students from across the nation irrespective of tribe, religion, and cultural background.

The school has and operates on three (3) campuses:

School of Basic Studies, Funta.
Samaru Campus, Zaria
Kongo Campus, Zaria.

About ABU Student Loan

Through the Ahmadu Bello University Microfinance Education Loan, funding for education has just been made easier.

Students who direly wish to pursue a degree but do not have access to funds can now apply for the ABU student loan.

Features of the ABU Loan

Settlement rate of 19% p.a.
Loan limit of up to N5 million
Available to local and international students
Covers international and local conferences and seminars.
Credit Life Insurance Cover
A lasting period of 36 months

Visit HERE to check out many more Student Loan Programs.

Benefits of the ABU Loan

Financial Support.
No credit history is required.
Low-Interest Rates.
Deferred Payment Options.
Lenient Repayment Plans.
No Income Requirement.

Eligibility Criteria for ABU Loan

You must be willing to school in Nigeria.
You must be enrolled in ABU as an undergraduate, postgraduate, researcher or civil servant.
You must have proof of your admission status.
You need to present a guarantor.
You must have a high CGPA.
You must have a clean financial record.
You must show proof of need.

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Ahmadu Bello University

Industry	Education
Type	Federal
Year	1962
Vice Chancellor	Kabir Bala
Location	Zaria, Kaduna State.
Website	www.abu.edu.ng

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Requirement Plan for the ABU Student Loan

Domiciliary account
Evidence of reasonable and sufficient income.
Guarantor (s).

How to Apply for ABU Student Loan

Visit Ahmadu Bello University’s loan portal.
Get the online student loan form via the portal.
Read the terms and conditions pertaining to the loan plan.
Follow the instructions laid down on the portal to apply.
To successfully register, upload all the required documents like your proof of citizenship, proof of need, and academic transcripts.
Either you fill up the form online or you print out the hard copy and hand-fill it.
Submit the application.

CLICK HERE TO APPLY

When Will ABU Student Loan be Disbursed?

Before the disbursement, there will be a critical selection process. It is only students that have been chosen that will receive the funds. The loan will either be disbursed into the student’s account so ensure you give accurate account details. To know the exact date for the disbursement, SUBSCRIBE to this website as we will update you once the info drops.

When is the Application Deadline?

Not Specified.

How Much is the Application Fee for the ABU Student Loan?

Applying for the ABU Student Loan is totally FREE!

Conclusion

Please do note that just as you are applying, you should put plans in place to pay back the loan. Any student who does not pay back will suffer the consequences which include serving a jail term.

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Author

Chinaza

This post is originally written by Chinaza C. Ifeanyichukwu, a Professional blog writer and Editor. She boasts of over a decade of expertise in the recruitment sector, Chinaza provides up-to-date information on jobs and recruitment topics, career opportunities, and breaking news. Ensure you visit the website constantly so as not to miss any new updates!!
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