Perception of Undergraduate Students on Implementation of Student Loan Programme in Tertiary Education in Nigeria
Abstract
This paper examines undergraduate students' perceptions of student loan implementation in Nigerian tertiary institutions. Utilizing a survey research design, two higher institutions in North-central Nigeria were surveyed, with a total sample size of 180 undergraduate students. Purposive sampling was employed to select 90 students each from the University of Abuja and College of Education, Zuba. Data were collected using a validated questionnaire and analyzed using descriptive statistics. Results indicate that student loans could improve access to tertiary education, particularly for underprivileged students, and potentially enhance retention and completion rates. However, challenges such as loan repayment, corruption, funding, personnel expertise, infrastructure, and emigration may hinder the implementation of student loan programs. Recommendations include government commitment to realizing student loan programs, provision of seed funds, establishment of modern infrastructure, diversification of the economy for employment opportunities, and efficient fund disbursement by relevant government agencies to curb corruption.
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