The Senate has passed the Student Loans Access to Higher Education Act Bill, 2024.

The passage followed the consideration of a report of the Committee on Tertiary Institutions and Tertiary Education Trust Fund, presented by the Chairman representing Katsina South, Senator MOHAMMED MUNTARI.

The new act will enhance the implementation of the Higher Education Student Loan Scheme, by addressing challenges related to the management structure of the Nigerian Education Loan Fund, applicant eligibility requirements, loan purpose, funding sources and disbursement and repayment procedures.