The Academic Staff Union of Universities (ASUU) has further expressed concerns over the planned student loan, saying beneficiaries of such initiative in other countries were committing suicide as a result of debts.
The union, therefore, asked President Bola Tinubu to change the newly assented Students Loans Act to grants for poor students.
ASUU National President, Prof Emmanuel Osodeke, gave the advice on Channels Television’s Sunday Politics.
ASUU President also said the conditions for the loan are not practicable. He said more than 90% of students won’t meet the requirements to access the loan.
While calling on the President to take another look at the new law, Osodeke also asked him to probe the activities of the Tertiary Education Trust Fund (TETFund).
He alleged that the fund had been colonised with “interests all over the place”, adding that whoever had stolen money should be identified and punished.
