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Nigerian Students in the UK Struggle as Tuition Fees Soar Amidst Exchange Rate Crisis

The value of the Nigerian currency has plummeted, leading to a significant increase in tuition fees for these students.

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The recent move by the Central Bank of Nigeria to unify the nation’s foreign exchange rates has had a devastating impact on Nigerian students studying in the United Kingdom.

Following the floating of the naira at the Investors and Exporters’ Window, the value of the Nigerian currency has plummeted, leading to a significant increase in tuition fees for these students.

The sharp decline in the value of the naira has put immense pressure on many Nigerians studying in the UK, with some facing the possibility of dropping out due to financial constraints.

The United Kingdom has long been a preferred destination for Nigerian students seeking quality education abroad.

According to data from the Higher Education Statistics Agency of the UK, a staggering 128,770 Nigerian students enrolled in UK universities between 2015 and 2022. These students contribute approximately £1.9 billion annually to the UK economy, highlighting their significant presence and impact.

However, the recent exchange rate crisis has disrupted the educational journey of many Nigerian students in the UK. The increase in tuition fees, estimated at around 60 percent, has created a tremendous financial burden for these students.

As the value of the naira continues to decline, students find themselves struggling to pay the balance of their tuition fees, jeopardizing their academic progress and future prospects.

Numerous students have expressed their distress and frustration over the situation. Adejoro Deborah, a Nigerian student in Manchester, highlighted the adverse effects of the policy, mentioning that her sibling had to forfeit her admission due to the unaffordable fees.

Also, some students had kept their tuition fees in their naira accounts, expecting a different exchange rate. However, with the drastic depreciation of the naira, they now face the challenge of finding additional funds to cover the increased fees.

The impact of the exchange rate crisis goes beyond financial difficulties. Some students have found themselves stranded as their access to university portals is withdrawn due to unpaid tuition fees. This not only prevents them from accessing important academic resources but also hinders their ability to attend classes, both online and in-person. The emotional toll of being shut out of their educational journey adds to the distress and uncertainty faced by these students.

Intending Nigerian students who planned to study in the UK are also deeply affected by the surge in exchange rates. The Proof of Funds (PoF) requirement, which demonstrates a student’s ability to cover tuition fees and living expenses, has become significantly more challenging to meet. The increased exchange rates have inflated the amount of money students need to demonstrate, leading to a surge in PoF requirements. This, in turn, has made the application process more difficult and has deterred potential students from pursuing their educational aspirations.

The Form A application process, designed by the Central Bank of Nigeria, was expected to provide a solution for students paying for services such as tuition fees. However, students have faced numerous challenges, including delayed processing by banks and the subsequent increase in fees due to fluctuating exchange rates. Many students are frustrated by the bureaucracy and the lack of prompt action in converting funds and paying their schools.

The situation calls for urgent intervention from the Nigerian government. Parents, education consultants, and concerned individuals are pleading with the government to address the foreign exchange crisis and provide relief for the affected students. The National Parents Teachers Association has appealed to the Federal Government to collaborate with parents and academics to find a solution to the problems plaguing the education sector. Urgent concessions are needed for students who initiated Form A requests before the implementation of the new exchange rate regime.

The plight of Nigerian students studying in the UK highlights the broader challenges posed by exchange rate fluctuations and their impact on education. It emphasizes the need for long-term strategies to mitigate the financial burden on students and ensure their uninterrupted educational journey. As the Nigerian government grapples with these issues, students and parents eagerly await a resolution that will alleviate their financial struggles and enable them to pursue their educational dreams.

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JAMB Releases 36,540 Withheld UTME Results, Dismisses Cyber Breach Claims

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The Joint Admission and Matriculation Board (JAMB) has quelled concerns over the integrity of the Unified Tertiary Matriculation Examination (UTME) results by releasing an additional 36,540 previously withheld scores.

This move follows earlier revelations of withheld results and assertions of a cyber security breach.

Fabian Benjamin, the spokesperson for JAMB, confirmed the release of these results in a statement issued late Tuesday in Abuja.

This latest batch of released scores, when combined with the 531 previously unveiled, brings the total number of results made public to 1,879,437.

Benjamin took the opportunity to address circulating rumors regarding the security of the UTME results.

He categorically dismissed claims of a cyber security breach, saying that the examination outcomes remain intact and securely stored.

He stressed that the results are not stored in any cloud system and thus cannot be compromised by external entities.

At the time of the UTME release, JAMB had disclosed that certain results were withheld pending further investigation.

Subsequently, 531 of these results were recently unveiled with the remainder still under scrutiny.

Benjamin explained that any candidates implicated in examination malpractice are undergoing thorough investigation.

The examination board intends to meticulously review footage from CCTV cameras installed across all accredited centers to ascertain each candidate’s involvement.

Benjamin urged the public to remain vigilant against misinformation originating from sources not affiliated with JAMB.

He attributed the discrepancies in minimum admissible scores to variations among tertiary institutions. Some institutions, he noted, proposed lower minimum scores than others, resulting in varying benchmarks.

Benjamin clarified that these benchmarks are determined collectively by all Heads of Institutions during the annual Policy Meeting on Admissions, ensuring uniformity across the country.

Also, Benjamin cautioned religious organizations against overstepping their designated roles.

He warned against the dissemination of false information to governmental bodies for personal gain.

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International Students in Germany Get Pre-Study Work Rights Under New Law

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Germany has implemented a new segment of its revamped skilled worker law, granting international students significant pre-study work rights.

This move aims to attract skilled workers from various sectors while fostering integration and easing financial burdens for students.

Under these fresh regulations, non-EU citizens applying for study visas can now arrive in Germany up to nine months before their studies commence.

During this period, which was previously not permitted for work, students are allowed to work part-time for up to 20 hours per week.

This change particularly benefits prospective students from developing countries, offering them the opportunity to support themselves financially while preparing for their academic pursuits.

The revised skilled worker law also extends its support to individuals interested in apprenticeships in Germany.

Third-country nationals seeking apprenticeships can now reside in the country for nine months, provided they demonstrate a B1-level proficiency in German and are below the age of 35.

During this preparatory period, they are permitted to engage in part-time work, laying the groundwork for their transition into full-time training once they secure an apprenticeship position.

Moreover, the new regulations enhance work opportunities for international students already enrolled in German institutions.

The permitted work duration for students has been extended from 120 to 140 full days in any calendar year, equivalent to 20 hours per week, or 280 half days per calendar year.

This adjustment acknowledges the financial challenges students may face and provides them with greater flexibility to manage their expenses.

In addition to pre-study work rights, graduates of German universities now benefit from an extended post-graduation stay of 18 months for job hunting.

This extended period offers graduates ample time to seek employment opportunities within Germany, with the option to apply for permanent residence after two years of continuous employment.

Overall, these amendments to Germany’s skilled worker law underscore the country’s commitment to attracting and retaining international talent.

By providing enhanced work opportunities and support mechanisms for students and graduates, Germany aims to strengthen its position as a hub for global education and professional development.

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New Student Loans Act Passed by Nigerian Senate

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The Nigerian Senate has approved the Student Loans Access to Higher Education Act (Repeal and Re-Enactment) Bill of 2024.

This legislative milestone follows meticulous deliberation of the report presented by Senator Mohammed Muntari, Chairman of the Committee on Tertiary Institutions and Tertiary Education Trust Fund (TETFUND).

The bill garnered support after successfully passing its second reading last week, prompted by a directive from President Bola Tinubu to repeal the existing Student Loan (Access to Higher Education) Bill and introduce a new one.

The newly endorsed act aims to revamp the implementation of the Higher Education Student Loan Scheme, addressing various shortcomings such as the management structure of the Nigerian Education Loan Fund (NELF), eligibility criteria for applicants, loan purposes, funding sources, and procedures for disbursement and repayment.

This legislative reform is a response to the temporary suspension of the student loan system, which was intended to provide Nigerian students in tertiary institutions with access to low-interest loans.

The overhaul seeks to streamline the loan scheme, making it more efficient and accessible to deserving students across the country.

In parallel, the Senate debated a motion spearheaded by Senator Adebule Oluranti, advocating for urgent measures to tackle the issue of out-of-school children in Nigeria, estimated at a staggering 20 million by UNESCO.

Lawmakers stressed the need for proactive strategies to reduce this alarming figure, including the establishment of mobile courts to enforce education laws and the implementation of the Universal Basic Education (UBE) Act.

The Senate’s commitment to educational reform underscores its dedication to ensuring equitable access to quality education for all Nigerian children, paving the way for a brighter future for the nation.

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