AKSU Student Loan

AKSU Student Loan: The latest trending news is that the just sworn-in government is giving loans to Nigerian students to be able to go to school. However, the giving of student loans did not begin now.

Some financial and academic institutions have been giving loans, grants and scholarships to students long before now. In this article, we bring you the latest update on the student loan given by Akwa Ibom State University.

2024 Student Loan Programs

About AKSU

AKSU is a state-owned university in Akwa Ibom State. The State Government had in the year 2000 inaugurated a Committee consisting of technical experts, academics and professionals for its establishment.

The bill for the establishment of the school was formally signed by His Excellency, Chief Godswill Obot Akpabio and the school commenced full academic activities in 2010.

About AKSU Student Loan

The AKSU Student Loan is designed to help students schooling in Akwa Ibom State University who cannot afford to pay for their education and the fees associated with it. Since this loan is offered to students, the repayment schedule tend to be more flexible and the interest rate lower than other types of loans.

The state government loans for students in Nigeria are given by the State Ministry of Education.

Features of the AKSU Student Loan

Uninterrupted Educational Process
Loan up to N5 million
Option to refinance the loan
Availability of remittance services.

Visit HERE to check out many more Student Loan Programs.

Benefits of the AKSU Loan

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

Eligibility Criteria for AKSU Loan

You must be Nigerian schooling in Nigeria.
You must already be enrolled or have an admission to AKSU.
Asides from proving your admission status, you have to show your WAEC or NECO results.
You have to present a guarantor who earns a salary as a civil servant or in the private sector. Your guarantor must understand that signing of the guarantee form means that if ever you default in paying, he/she would have to repay the loan.
You must have a 3.0 out of 4.0 GPA or 3.5 (and above) out of 5.0 GPA and maintain it till you graduate.
You must not be owing any other financial institution any loan.
You must have an uninterrupted academic session.

APPLY NOW – FUTO Student Loan

AKSU

Industry	Education
Type	Public
Year	2010
Vice Chancellor	Nse Essien
Location	Mpat Enin, Akwa Ibom State
Website	www.aksu.edu.ng

Repayment Plan for the AKSU Student Loan

The repayment plan for each student depends on the type of loan such student collected and the eligibility plan for the student. The standard Nigerian state student loan repayment plan is 10 years with consistent monthly payments.

If you do not choose the option of your repayment plan, you will automatically be placed in the above plan. You have to be regular in your repayment as delays can cause an increase in the interest rate. Another option is to pay extra amounts in advance. This will help you pay it off faster and decrease the interest.

RECENT UPDATE – ABSU Student Loan

How to Apply for AKSU Student Loan

Visit the State Government of Akwa Ibom State 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 AKSU Student Loan be Disbursed?

For those who applied and who are waiting for news of when the student loan will be disbursed, the news concerning that is not out yet. However, stay tuned to this website to learn of any new updates concerning this.

When is the Application Deadline?

Not Specified.

How Much is the application fee for the AKSU Loan?

Applying for the AKSU Student Loan should cost you nothing. Go to the State Government student loan application portal to apply for FREE!

Conclusion

Just as the name implies, a loan is meant to be paid back. Candidates whose intention towards this student loan are not genuine, should not bother applying. The Federal Government has categorically stated that any student who do not pay back the loan will serve a jail term and pay a fine of N500,000.

Thus, we encourage only students who have dire need of it to apply and put plans in place to ensure that they pay back.

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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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