Hamachi:

Student loans are a financial burden which does not quite make sense on a pure accounting basis. So, you have signed up for a loan (a liability, surrender of your future earnings) and you have nothing to show for it. On the other hand, when you take a loan on a house (a mortgage), you have a liability (a mortgage) and an asset (a house), so when things get tough, you can sell the asset to cover that liability. And in a worst case scenario, you simply file for bankruptcy and walk away from it - with a beaten up credit score, but you recover fully in about 7 years (in US, bankruptcy is removed within 7 years from the person's credit profile). Easy. Simple. Elegant.

Now, we have a student loan. You take a loan and you spend money. You gain nothing tangible - no assets. You have an expectation of future earnings, but it's not a guarantee. However, once you are out of school, loan is due - regardless of whether or not you have means to pay for it, such as a job. Now, when things get very tough - let's say you need to pay rent and you need to eat and you would like to get a family - but the student loan is still there, and it's not going away. You can't discharge it in a simple bankruptcy. You can't make it go away in an easy way - it's a forever burden.


Summary

When we reach the point where politicians are running for office on a platform of, “free college for everyone,” you know that we have gone past the tipping point. “Free” college is just going to throw kerosene on this fire.

We are seeing some cracks around the edges, e.g. coding bootcamps and startup apprenticeships like Praxis, but what is needed is a better educated consumer.

PS

I saw a question on career section this afternoon. “Should I go to school X or school Y? (Money is an object, but I might get some financial aid at school Y.)”

School Y’s cost of attendance is more than twice that of school X. No thought of can I afford either one of these schools? No thought of preparing a financial analysis. We have a generation of irresponsible morons whose parents are mentally absent. That’s why we have a financial aid crisis.






💭Leadership is not about seeking personal glory, instead its about taking responsibility for the people you are in charge of.

🎯Some key takeaways:

✔️Responsible leaders take accountability for their actions. Instead of blaming others, they identify the problem and try to fix it.

✔️Therefore, to become responsible leaders professionals must remember to take accountability for actions and stop blaming others for their mistakes.

✔️One of the foremost qualities in a successful employee or leader is a willingness to accept Responsibility for one's actions and behavior, good or bad.

✔️Taking Responsibility means making decisions, taking action, setting high standards, learning from our mistakes and always doing what we say.

✔️Lastly, leadership is about setting an example. Let see his grandchildren, relatives & family members participate in these students loan

U will neva ave sense

How will someone who is well to do still opt for a student loan??

Aja

Finally, a president is defining and actively showing Nigerians the real definition of governance.

Obviously, we've been in the wilderness since 1960.

Progress and prosperity for all Nigerians.

LagosFirstSon:
Initial gragra as usual . Buhari did more than this at the begining of his first Time.

But seriously, Bola Tinubu is too ugly , president no fit am.

send your pics let’s see what you look like presidency is not a beauty contest so get sense not handsome

LagosFirstSon:
Initial gragra as usual . Buhari did more than this at the begining of his first Time.

But seriously, Bola Tinubu is too ugly , president no fit am.

Is ugliness his crime?

Estello:

https://twitter.com/DOlusegun/status/1668293482732036097?t=ylEiEIsF_YQdjtwoaCvwpw&s=19

me na to collect d loan use ham Dey play 5 odds every session then go Benin or Ghana after 4 or 5 yrs go live there 4 d rest of my life

Ebubu2:
they can not access the loan. Every registered loan app has your BVN which they submit to CBN so your loan will not be approved for having poor credit score.

To boost your credit score, repay all your loans to loan apps and reapply for student loan.

Many neva see chop, you dey talk of repaying all that is owed the loan apps....those financially struggling students with poor credit scores, na dem need this loan pass.

O mu gor, let it start with his family members first, they testify you follow suit.

OlawaleBammie:


U will neva ave sense

How will someone who is well to do still opt for a student loan??

Aja

Olawale, ola o ni wale fun e, eleribu omo

Zionmdde:
Good move
Just that the average Nigerian graduate hardly gets jobs nowadays
And what mechanisms will be put in place to ensure there is no discrimination and that the government can get their money back?

Good and serious students with a required GPA would be the ones qualified for this loans

LagosFirstSon:
Initial gragra as usual . Buhari did more than this at the begining of his first Time.

But seriously, Bola Tinubu is too ugly , president no fit am.

Obidient opinions

LagosFirstSon:
Initial gragra as usual . Buhari did more than this at the begining of his first Time.

But seriously, Bola Tinubu is too ugly , president no fit am.

Chia you just cracked me up with your last line. BTW what does his physical structure got to do with his position as a president?

See ehn students don suffer thank God l left uni 10 years shey na the nonsense tinubu wan offer be this. Student loan the beginning of poverty. God forbid

Nigeria is gradually turning to America

Something interesting is happening.

APC will have to tell us what they are cooking.

It is unprecedented that a President will start in office by signing bills not initiated by a parliament in office with him.

LagosFirstSon:
Initial gragra as usual . Buhari did more than this at the begining of his first Time.

But seriously, Bola Tinubu is too ugly , president no fit am.

your papa wey fine, who him be?

Estello:

https://twitter.com/DOlusegun/status/1668293482732036097?t=ylEiEIsF_YQdjtwoaCvwpw&s=19

ders no details here stop posting trash

LagosFirstSon:
Initial gragra as usual . Buhari did more than this at the begining of his first Time.

But seriously, Bola Tinubu is too ugly , president no fit am.

So this is what you will spend the next 8 years of your life doing?

✔️Lastly, leadership is about setting an example. Let see his grandchildren, relatives & family members participate in these students loan


I guess the president family wouldn't need to access this bill because the president( their father) had made a solid arrangement for his children's children from generation to generation while young unlike some people's father that lazied, womanised, complained and generally didn't have the will to make a living but have the will only to father children they can't train.

This is a good initiative. It's not meant for the rich to enjoy but the downtrodden, those with brains but lack capacity to fund their education and not a failure like some people.

This bill will only benefit the poor cos it's specially for them.

Rich people can't even access it or come near it.

Far far better than Buhari Market money, chopping money etc.....

Kudos to the People's President.....




quote author=Hamachi post=123751378]
Student loans are a financial burden which does not quite make sense on a pure accounting basis. So, you have signed up for a loan (a liability, surrender of your future earnings) and you have nothing to show for it. On the other hand, when you take a loan on a house (a mortgage), you have a liability (a mortgage) and an asset (a house), so when things get tough, you can sell the asset to cover that liability. And in a worst case scenario, you simply file for bankruptcy and walk away from it - with a beaten up credit score, but you recover fully in about 7 years (in US, bankruptcy is removed within 7 years from the person's credit profile). Easy. Simple. Elegant.

Now, we have a student loan. You take a loan and you spend money. You gain nothing tangible - no assets. You have an expectation of future earnings, but it's not a guarantee. However, once you are out of school, loan is due - regardless of whether or not you have means to pay for it, such as a job. Now, when things get very tough - let's say you need to pay rent and you need to eat and you would like to get a family - but the student loan is still there, and it's not going away. You can't discharge it in a simple bankruptcy. You can't make it go away in an easy way - it's a forever burden.


Summary

When we reach the point where politicians are running for office on a platform of, “free college for everyone,” you know that we have gone past the tipping point. “Free” college is just going to throw kerosene on this fire.

We are seeing some cracks around the edges, e.g. coding bootcamps and startup apprenticeships like Praxis, but what is needed is a better educated consumer.

PS

I saw a question on career section this afternoon. “Should I go to school X or school Y? (Money is an object, but I might get some financial aid at school Y.)”

School Y’s cost of attendance is more than twice that of school X. No thought of can I afford either one of these schools? No thought of preparing a financial analysis. We have a generation of irresponsible morons whose parents are mentally absent. That’s why we have a financial aid crisis.






💭Leadership is not about seeking personal glory, instead its about taking responsibility for the people you are in charge of.

🎯Some key takeaways:

✔️Responsible leaders take accountability for their actions. Instead of blaming others, they identify the problem and try to fix it.

✔️Therefore, to become responsible leaders professionals must remember to take accountability for actions and stop blaming others for their mistakes.

✔️One of the foremost qualities in a successful employee or leader is a willingness to accept Responsibility for one's actions and behavior, good or bad.

✔️Taking Responsibility means making decisions, taking action, setting high standards, learning from our mistakes and always doing what we say.

✔️Lastly, leadership is about setting an example. Let see his grandchildren, relatives & family members participate in these students loan[/quote]

Student loan in a country with no credit system or score in place to enable repayment.

LagosFirstSon:
Initial gragra as usual . Buhari did more than this at the begining of his first Time.

But seriously, Bola Tinubu is too ugly , president no fit am.

Someone like I don't will ever appreciate anything good in his life.
Good things come to those that appreciate tho

LagosFirstSon:
Initial gragra as usual . Buhari did more than this at the begining of his first Time.

But seriously, Bola Tinubu is too ugly , president no fit am.

You don mard finish , u no just know .

Mindlog:


Going by antecedent, repayment will be very low as Nigeria do not have the structures to make it sustainable.

Okay o.

Common Palmpay dey collect dia money, to say less of student loan wey den go hold de NIN, BVN, phone numbers, etc of both students and their parents.

iammo:



Progressives

Awolowo did free Education, Tinubu would give us loaned funded tertiary Education


.

Tinubu is living by the reality of his own time.

Hamachi:

Student loans are a financial burden which does not quite make sense on a pure accounting basis. So, you have signed up for a loan (a liability, surrender of your future earnings) and you have nothing to show for it. On the other hand, when you take a loan on a house (a mortgage), you have a liability (a mortgage) and an asset (a house), so when things get tough, you can sell the asset to cover that liability. And in a worst case scenario, you simply file for bankruptcy and walk away from it - with a beaten up credit score, but you recover fully in about 7 years (in US, bankruptcy is removed within 7 years from the person's credit profile). Easy. Simple. Elegant.

Now, we have a student loan. You take a loan and you spend money. You gain nothing tangible - no assets. You have an expectation of future earnings, but it's not a guarantee. However, once you are out of school, loan is due - regardless of whether or not you have means to pay for it, such as a job. Now, when things get very tough - let's say you need to pay rent and you need to eat and you would like to get a family - but the student loan is still there, and it's not going away. You can't discharge it in a simple bankruptcy. You can't make it go away in an easy way - it's a forever burden.


Summary

When we reach the point where politicians are running for office on a platform of, “free college for everyone,” you know that we have gone past the tipping point. “Free” college is just going to throw kerosene on this fire.

We are seeing some cracks around the edges, e.g. coding bootcamps and startup apprenticeships like Praxis, but what is needed is a better educated consumer.

PS

I saw a question on career section this afternoon. “Should I go to school X or school Y? (Money is an object, but I might get some financial aid at school Y.)”

School Y’s cost of attendance is more than twice that of school X. No thought of can I afford either one of these schools? No thought of preparing a financial analysis. We have a generation of irresponsible morons whose parents are mentally absent. That’s why we have a financial aid crisis.






💭Leadership is not about seeking personal glory, instead its about taking responsibility for the people you are in charge of.

🎯Some key takeaways:

✔️Responsible leaders take accountability for their actions. Instead of blaming others, they identify the problem and try to fix it.

✔️Therefore, to become responsible leaders professionals must remember to take accountability for actions and stop blaming others for their mistakes.

✔️One of the foremost qualities in a successful employee or leader is a willingness to accept Responsibility for one's actions and behavior, good or bad.

✔️Taking Responsibility means making decisions, taking action, setting high standards, learning from our mistakes and always doing what we say.

✔️Lastly, leadership is about setting an example. Let see his grandchildren, relatives & family members participate in these students loan

nothing to show for the loan u obtained for education or what are you saying . what about the certificate you will obtain through the loan . is that not an asset. It can be regarded as intangible asset . In this regard you place the certificate on the side of trade name ,goodwill and some other intangible asset because it has no physical nature . Remember those that come from a poor background ,who will use this loan to achieve greater height in life .

NewSoul:
Good development. They said for only school fees o

So if your school fees is 50k that’s what you will be given for the whole year. And if your course is 4 years 50*4=200k.

Whether you get job after school or not I believe you can pay this back easily.

interesting

How will someone with no job pay 200k easily

Is the person into crime?

FreeStuffsNG:
Only academically serious students with CGPA of not less than 3 5 with sound character should be considered.

I have a 4.37 CGPA in my Masters programme at FUTMINNA. Would really appreciate if this truly turns out to be real.

I have an outstanding payment of N252,000 to make for two sessions.

Hamachi:

Student loans are a financial burden which does not quite make sense on a pure accounting basis. So, you have signed up for a loan (a liability, surrender of your future earnings) and you have nothing to show for it. On the other hand, when you take a loan on a house (a mortgage), you have a liability (a mortgage) and an asset (a house), so when things get tough, you can sell the asset to cover that liability. And in a worst case scenario, you simply file for bankruptcy and walk away from it - with a beaten up credit score, but you recover fully in about 7 years (in US, bankruptcy is removed within 7 years from the person's credit profile). Easy. Simple. Elegant.

Now, we have a student loan. You take a loan and you spend money. You gain nothing tangible - no assets. You have an expectation of future earnings, but it's not a guarantee. However, once you are out of school, loan is due - regardless of whether or not you have means to pay for it, such as a job. Now, when things get very tough - let's say you need to pay rent and you need to eat and you would like to get a family - but the student loan is still there, and it's not going away. You can't discharge it in a simple bankruptcy. You can't make it go away in an easy way - it's a forever burden.


Summary

When we reach the point where politicians are running for office on a platform of, “free college for everyone,” you know that we have gone past the tipping point. “Free” college is just going to throw kerosene on this fire.

We are seeing some cracks around the edges, e.g. coding bootcamps and startup apprenticeships like Praxis, but what is needed is a better educated consumer.

PS

I saw a question on career section this afternoon. “Should I go to school X or school Y? (Money is an object, but I might get some financial aid at school Y.)”

School Y’s cost of attendance is more than twice that of school X. No thought of can I afford either one of these schools? No thought of preparing a financial analysis. We have a generation of irresponsible morons whose parents are mentally absent. That’s why we have a financial aid crisis.






💭Leadership is not about seeking personal glory, instead its about taking responsibility for the people you are in charge of.

🎯Some key takeaways:

✔️Responsible leaders take accountability for their actions. Instead of blaming others, they identify the problem and try to fix it.

✔️Therefore, to become responsible leaders professionals must remember to take accountability for actions and stop blaming others for their mistakes.

✔️One of the foremost qualities in a successful employee or leader is a willingness to accept Responsibility for one's actions and behavior, good or bad.

✔️Taking Responsibility means making decisions, taking action, setting high standards, learning from our mistakes and always doing what we say.

✔️Lastly, leadership is about setting an example. Let see his grandchildren, relatives & family members participate in these students loan

Dindinrin

Oloshi!

LagosFirstSon:
Initial gragra as usual . Buhari did more than this at the begining of his first Time.

But seriously, Bola Tinubu is too ugly , president no fit am.

LagosFirstSon:
Initial gragra as usual . Buhari did more than this at the begining of his first Time.

But seriously, Bola Tinubu is too ugly , president no fit am.

You wey you fine wetin you don achieve, I wan ugly like tinubu make I get money like am.

Hit the ground running

Lekan239:
Ha. I can now enroll into Covenant and Afe babalola in peace

Lol, you mind dey there. Make I hear sai I no collect run my masters for covenant ASAP. Abi na just for degree courses?

Student loan is for indigent students, and it is practiced in developed countries....
So your epistles cuts nothing....

Hamachi:

Student loans are a financial burden which does not quite make sense on a pure accounting basis. So, you have signed up for a loan (a liability, surrender of your future earnings) and you have nothing to show for it. On the other hand, when you take a loan on a house (a mortgage), you have a liability (a mortgage) and an asset (a house), so when things get tough, you can sell the asset to cover that liability. And in a worst case scenario, you simply file for bankruptcy and walk away from it - with a beaten up credit score, but you recover fully in about 7 years (in US, bankruptcy is removed within 7 years from the person's credit profile). Easy. Simple. Elegant.

Now, we have a student loan. You take a loan and you spend money. You gain nothing tangible - no assets. You have an expectation of future earnings, but it's not a guarantee. However, once you are out of school, loan is due - regardless of whether or not you have means to pay for it, such as a job. Now, when things get very tough - let's say you need to pay rent and you need to eat and you would like to get a family - but the student loan is still there, and it's not going away. You can't discharge it in a simple bankruptcy. You can't make it go away in an easy way - it's a forever burden.


Summary

When we reach the point where politicians are running for office on a platform of, “free college for everyone,” you know that we have gone past the tipping point. “Free” college is just going to throw kerosene on this fire.

We are seeing some cracks around the edges, e.g. coding bootcamps and startup apprenticeships like Praxis, but what is needed is a better educated consumer.

PS

I saw a question on career section this afternoon. “Should I go to school X or school Y? (Money is an object, but I might get some financial aid at school Y.)”

School Y’s cost of attendance is more than twice that of school X. No thought of can I afford either one of these schools? No thought of preparing a financial analysis. We have a generation of irresponsible morons whose parents are mentally absent. That’s why we have a financial aid crisis.






💭Leadership is not about seeking personal glory, instead its about taking responsibility for the people you are in charge of.

🎯Some key takeaways:

✔️Responsible leaders take accountability for their actions. Instead of blaming others, they identify the problem and try to fix it.

✔️Therefore, to become responsible leaders professionals must remember to take accountability for actions and stop blaming others for their mistakes.

✔️One of the foremost qualities in a successful employee or leader is a willingness to accept Responsibility for one's actions and behavior, good or bad.

✔️Taking Responsibility means making decisions, taking action, setting high standards, learning from our mistakes and always doing what we say.

✔️Lastly, leadership is about setting an example. Let see his grandchildren, relatives & family members participate in these students loan