ADDENDUM: The Global Student Loan® from the Global Student Loan Corporation
(14/04/2012) - Following the post few days agone most 'The Global Student Loan®' (please reckon post below), I withdraw hold been inundated amongst emails together with questions from interested prospective students, particularly Nigerians, seeking to ascertain the validity/reality or otherwise of this company's loan program. Since it is non viable to respond each somebody separately, I decided to write the fellowship together with likewise add together this addendum to my previous post.
I desire to firmly declare that '' neither has whatever existing human relationship amongst nor currently endorses this fellowship inwards anyway. As noted inwards the previous post, "...I stumbled upon" the company's website patch browsing the Internet for a completely unlike reason. After spending days going through the site, I reasoned it was genuine plenty to portion data on this 'find'.
Below, for your perusal, is a re-create of the company's answer to my email:
As a personal advise, I encourage all interested students to take in the site themselves via the links provided inwards the post (see below), together with assess things for themselves. I likewise suggest that y'all register together with brand a loan application amongst them.
HOWEVER, I strongly suggest that y'all abandon all interactions amongst the fellowship IF whatever fiscal or monetary-related demand is requested from y'all at whatever stage. '' volition deport neither liability nor responsibleness IF y'all disregard this suggest together with learn ahead to either pay out coin or furnish money-related data (eg ATM number) together with are eventually duped.
Whatever your experience, particularly if coin is demanded, delight practise non hesitate to comment below, or inform us together with so nosotros tin ship away portion it here. We wishing y'all cracking luck inwards your search for educational funding.
The company's mission arguing reads: Our commitment to y'all stems from our belief that an educational activity is the best investment an private together with a gild tin ship away make. The Global Student Loan® offers students who are non-U.S. citizens from closed to the globe the chance to achieve a world-class education. By facilitating loans for international students who are non-U.S. citizens, Global Student Loan Corporation helps seat the footing through school.
At this fourth dimension when the Federal Government of Nigeria does non withdraw hold whatever policy on student loans inwards house to cater for the educational needs of its teeming citizens, I reckoned that this uncovering volition last priceless to the average student, Nigerian together with non-Nigerian alike, who would require a loan to written report abroad.
In improver to roofing your tuition, the Global Student Loan provides funding for other education-related expenses such every bit fees, computers, communications, travel, together with housing.
At this time, students xviii together with over are allowed to apply. Loans are for non-U.S. citizens who wishing to written report at U.S. colleges together with universities. If y'all are studying at an online schoolhouse which has headquarters inwards the U.S., such every bit the University of Phoenix, y'all may likewise obtain this loan to written report from exterior of the U.S.
For to a greater extent than resource, reckon the company's Frequently Asked Questions.
To register for / initiate a loan application, reckon Loan Registration page.
The novel fund has a narrower focus. It volition fund alone third educational institutions owed past times the federal authorities past times agency of funding researches, equipping libraries together with laboratories, together with abide by of scholarships. Private universities shall, however, withdraw hold access to facilities created for inquiry together with publications.
The novel fund volition last responsible for collecting the third educational activity tax, 2 pct of turn a profit companies registered inwards Nigeria. The operational cost of the funds will, however, last sourced from the Consolidated Revenue funds later due budgetary allocations.
The neb was originated past times the presidency together with has long passed 2nd reading on the flooring of the House of Representatives.
It volition last run past times an 8 fellow member board, which shall monitor together with ensure the collection of educational activity taxation past times the Federal Inland Revenue Service, care together with disburse it – inwards accordance amongst the law. The board shall distribute its funds inwards the ratio of 2:1:1 betwixt the universities, polytechnics together with Colleges of Education.
The board shall, earlier disbursement of funds inwards each year, ready aside 10 pct of its full taxation accruals inwards the preceding twelvemonth for federal scholarship together with loan schemes for Nigerian students inwards third educational activity institutions.
Companies together with individuals who neglect to remit the taxes commit an offence nether the human activeness that is punishable amongst half-dozen months jail term or N1 1000000 fine or both – for outset offenders – together with 12 months jail term amongst N2 1000000 fine for 2nd fourth dimension offenders.
The Nigerian Student Loan Board was outset established inwards 1972. Between 1972 together with 1991, it provided loans totaling NGN 46 1000000 (US$ 3.8 million) to assistance students finance undergraduate or graduate studies inside Nigeria together with abroad (Chuta, 1992: 443)1. By 1992, the Board had made loan awards of over due north 46 1000000 together with faced the work of recovering outstanding loans over NGN forty 1000000 (US$ 3.34 million) leading to its pause (Chuta, 1992: 445; Ajayi & Alani 1996:4)1, 2.
The Nigerian Student Loan Board was replaced past times the Nigerian Education Bank nether Decree #50 of 1993. The chief together with specific functions of the Nigerian Education Bank were: pupil lending, lending for publishing, equipment leasing, projection financing, funds mobilization together with provision of advisory services for educational purposes (Chuta, ibid. 423)3. Loans to undergraduates are designed to house a probable debt burden on students ranging from NGN 24,000-NGN 32,000 (US$ 201-268) for iv years inwards 1998. Within this range, pupil loans are assumed to vary according to the type of course of instruction taken, duration, flat (e.g. professional, or non-professional), score or non-degree. Loans are structured to come across the higher costs of students inwards professional person fields such every bit medicine, law, accountancy, architecture, quantity surveying etc.
Other functions of the Bank are to mobilize educational savings from parents together with teachers past times advising parents to accept out educational insurance policies together with initiate savings schemes for their children. The Bank likewise provides advisory services together with undertakes scientific inquiry on economic science together with financing of education; analyzes recurrent together with upper-case missive of the alphabet costs of education, undertakes cost-benefit analysis of educational investments; together with advises on manpower evolution issues.
For to a greater extent than information, write or call:
Nigeria Education Bank (NEB)
P.M.B. 11, Garki, Abuja.
Phone: +234 nine 5321059, 5321704
Reference(s):
(14/04/2012) - Following the post few days agone most 'The Global Student Loan®' (please reckon post below), I withdraw hold been inundated amongst emails together with questions from interested prospective students, particularly Nigerians, seeking to ascertain the validity/reality or otherwise of this company's loan program. Since it is non viable to respond each somebody separately, I decided to write the fellowship together with likewise add together this addendum to my previous post.
I desire to firmly declare that '' neither has whatever existing human relationship amongst nor currently endorses this fellowship inwards anyway. As noted inwards the previous post, "...I stumbled upon" the company's website patch browsing the Internet for a completely unlike reason. After spending days going through the site, I reasoned it was genuine plenty to portion data on this 'find'.
Below, for your perusal, is a re-create of the company's answer to my email:
Dear Tony,
Thank y'all for taking the fourth dimension to electronic mail me.
Global Student Loan Corporation facilitates loans for non-U.S. citizens international students who would similar to written report at a United States college or university. GSLC is currently able to serve students who are permanent residents of specific countries together with is working amongst a select grouping of U.S. schools at this time. Influenza A virus subtype H5N1 co-signer is required from the borrower's the world of permanent residence.
At the 2nd nosotros alone withdraw hold a banking concern partnership amongst HSBC inwards India, thence students from Nigeria cannot apply for the loan unfortunately. I would order them to register (free of charge) together with so that inwards the termination that a partnership amongst a Nigerian banking concern occurs they tin ship away last contacted when nosotros expand our program.
Thank y'all i time again for your interest.
Sincerely,
Emily Peralta
Global Student Loan Corporation
www.Globalslc.com
Thank y'all for taking the fourth dimension to electronic mail me.
Global Student Loan Corporation facilitates loans for non-U.S. citizens international students who would similar to written report at a United States college or university. GSLC is currently able to serve students who are permanent residents of specific countries together with is working amongst a select grouping of U.S. schools at this time. Influenza A virus subtype H5N1 co-signer is required from the borrower's the world of permanent residence.
At the 2nd nosotros alone withdraw hold a banking concern partnership amongst HSBC inwards India, thence students from Nigeria cannot apply for the loan unfortunately. I would order them to register (free of charge) together with so that inwards the termination that a partnership amongst a Nigerian banking concern occurs they tin ship away last contacted when nosotros expand our program.
Thank y'all i time again for your interest.
Sincerely,
Emily Peralta
Global Student Loan Corporation
www.Globalslc.com
As a personal advise, I encourage all interested students to take in the site themselves via the links provided inwards the post (see below), together with assess things for themselves. I likewise suggest that y'all register together with brand a loan application amongst them.
HOWEVER, I strongly suggest that y'all abandon all interactions amongst the fellowship IF whatever fiscal or monetary-related demand is requested from y'all at whatever stage. '' volition deport neither liability nor responsibleness IF y'all disregard this suggest together with learn ahead to either pay out coin or furnish money-related data (eg ATM number) together with are eventually duped.
Whatever your experience, particularly if coin is demanded, delight practise non hesitate to comment below, or inform us together with so nosotros tin ship away portion it here. We wishing y'all cracking luck inwards your search for educational funding.
The Global Student Loan® from the Global Student Loan Corporation
(08/04/2012) - The Global Student Loan Corporation, every bit the lift implies, is a fellowship I stumbled upon lately that aims to "...help seat the footing through school".The company's mission arguing reads: Our commitment to y'all stems from our belief that an educational activity is the best investment an private together with a gild tin ship away make. The Global Student Loan® offers students who are non-U.S. citizens from closed to the globe the chance to achieve a world-class education. By facilitating loans for international students who are non-U.S. citizens, Global Student Loan Corporation helps seat the footing through school.
At this fourth dimension when the Federal Government of Nigeria does non withdraw hold whatever policy on student loans inwards house to cater for the educational needs of its teeming citizens, I reckoned that this uncovering volition last priceless to the average student, Nigerian together with non-Nigerian alike, who would require a loan to written report abroad.
In improver to roofing your tuition, the Global Student Loan provides funding for other education-related expenses such every bit fees, computers, communications, travel, together with housing.
At this time, students xviii together with over are allowed to apply. Loans are for non-U.S. citizens who wishing to written report at U.S. colleges together with universities. If y'all are studying at an online schoolhouse which has headquarters inwards the U.S., such every bit the University of Phoenix, y'all may likewise obtain this loan to written report from exterior of the U.S.
For to a greater extent than resource, reckon the company's Frequently Asked Questions.
To register for / initiate a loan application, reckon Loan Registration page.
Senate passes Tertiary Education Fund Bill
(18/05/2011) - The Senate, yesterday, repealed the Education Trust Fund Act together with enacted a to a greater extent than focused replacement, the Tertiary Education Trust Fund that volition fund alone federal government-owned third institutions. The neb empowers the fund to ready aside 10 pct of its annual taxation accruals for loans together with scholarships to Nigerian students inwards third educational institutions.The novel fund has a narrower focus. It volition fund alone third educational institutions owed past times the federal authorities past times agency of funding researches, equipping libraries together with laboratories, together with abide by of scholarships. Private universities shall, however, withdraw hold access to facilities created for inquiry together with publications.
The novel fund volition last responsible for collecting the third educational activity tax, 2 pct of turn a profit companies registered inwards Nigeria. The operational cost of the funds will, however, last sourced from the Consolidated Revenue funds later due budgetary allocations.
The neb was originated past times the presidency together with has long passed 2nd reading on the flooring of the House of Representatives.
It volition last run past times an 8 fellow member board, which shall monitor together with ensure the collection of educational activity taxation past times the Federal Inland Revenue Service, care together with disburse it – inwards accordance amongst the law. The board shall distribute its funds inwards the ratio of 2:1:1 betwixt the universities, polytechnics together with Colleges of Education.
The board shall, earlier disbursement of funds inwards each year, ready aside 10 pct of its full taxation accruals inwards the preceding twelvemonth for federal scholarship together with loan schemes for Nigerian students inwards third educational activity institutions.
Companies together with individuals who neglect to remit the taxes commit an offence nether the human activeness that is punishable amongst half-dozen months jail term or N1 1000000 fine or both – for outset offenders – together with 12 months jail term amongst N2 1000000 fine for 2nd fourth dimension offenders.
News Article: Obtaining Student Loans inwards Nigeria
(09/09/2008) - The Federal Government maintains a policy of no tuition fees inwards federal universities patch at the same fourth dimension allowing students enrolled inwards province universities to pay tuition fees inwards improver to room together with board.The Nigerian Student Loan Board was outset established inwards 1972. Between 1972 together with 1991, it provided loans totaling NGN 46 1000000 (US$ 3.8 million) to assistance students finance undergraduate or graduate studies inside Nigeria together with abroad (Chuta, 1992: 443)1. By 1992, the Board had made loan awards of over due north 46 1000000 together with faced the work of recovering outstanding loans over NGN forty 1000000 (US$ 3.34 million) leading to its pause (Chuta, 1992: 445; Ajayi & Alani 1996:4)1, 2.
The Nigerian Student Loan Board was replaced past times the Nigerian Education Bank nether Decree #50 of 1993. The chief together with specific functions of the Nigerian Education Bank were: pupil lending, lending for publishing, equipment leasing, projection financing, funds mobilization together with provision of advisory services for educational purposes (Chuta, ibid. 423)3. Loans to undergraduates are designed to house a probable debt burden on students ranging from NGN 24,000-NGN 32,000 (US$ 201-268) for iv years inwards 1998. Within this range, pupil loans are assumed to vary according to the type of course of instruction taken, duration, flat (e.g. professional, or non-professional), score or non-degree. Loans are structured to come across the higher costs of students inwards professional person fields such every bit medicine, law, accountancy, architecture, quantity surveying etc.
Other functions of the Bank are to mobilize educational savings from parents together with teachers past times advising parents to accept out educational insurance policies together with initiate savings schemes for their children. The Bank likewise provides advisory services together with undertakes scientific inquiry on economic science together with financing of education; analyzes recurrent together with upper-case missive of the alphabet costs of education, undertakes cost-benefit analysis of educational investments; together with advises on manpower evolution issues.
For to a greater extent than information, write or call:
Nigeria Education Bank (NEB)
P.M.B. 11, Garki, Abuja.
Phone: +234 nine 5321059, 5321704
Reference(s):
- Chuta, E.J. (Jun., 1992). Student loans inwards Nigeria. Higher Education Vol. 23, No. 4; pp. 443-449. Article Stable URL: http://www.jstor.org/stable/3447358.
- Ajayi, T., & Alani, R.A. (1996). A written report on cost recovery inwards Nigerian academy education: Issues of quality, access together with equity. Final Report. Accra: Association of African Universities (AAU).
- Chuta, E.J. (1998). New dimensions inwards educational financing: the Nigerian Education Bank. Higher Education 35, 423-433.
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