AAUA Students’ Loan & Scholarship Scheme Application Begins

How to Apply For AAUA Students’ Loan & Scholarship Scheme |  Adekunle Ajasin University Akungba, AAUA Students’ Loan & Scholarship Scheme Application Begins.

The Students’ Loans and Scholarship Committee wishes to inform all the students that the Vice Chancellor has graciously approved three (3) categories of students who require Students’ Loans Support & Scholarship as listed below:

• Category A: Scholarship for the Physically Challenged Students.
• Category B: Merit-Based Scholarship for Students.
• Category C: Students’ Support Loans.

AAUA Students’ Loan & Scholarship Scheme Application Details

Eligibility for Category A (Scholarship for the Physically Challenged Students)
– Applicants must be physically challenged.
– Applicants will obtain a form, complete it and submit to the Centre.
– A guarantor known to the University will be required to endorse the application form.
– The sum of fifty thousand naira (₦50,000) only would be given to qualified student(s).

Eligibility for Category B (Merit-Based Scholarship for Students)
(i) For the best student in each Department.
(ii) The Scholarship will be for students from 100 Level to 300 Level (for students running four- year programme) and from 100 Level to 400 level (for students running five- year programme).
(iii) Payable to qualified students at the end of every academic session.
(iv) Eligible students must be on minimum CGPA of 4.0.
(v) The sum of fifty thousand naira (₦50,000) only would be given to qualified student(s).

Eligibility for Category C (Students’ Support Loans)
a. For indigent Students (with proof).
b. Student must be on minimum CGPA of 2.0.
c. A loan of 25% of the Student’s total school fees will be given per session.
d. Repayment will be within 12 months, effective from the date of collection. Payment can be made by installment or  at once.
e. Defaulters will pay a fine of five hundred naira (₦500.00) on a monthly basis after 12 months of non-repayment of the loan.
f. A student on loan cannot re-apply, until he/she has repaid the loan initially obtained.
g. Newly admitted Students are not eligible.
h. Letter of consent from Parent/Guardian is required.

The Students’ Loans & Scholarship Support Scheme is an initiative of the Management to provide relief for students in financial need in view of the recent increase in school fees. For further information on the best student refinancing options, visit the SoFi website.

Only eligible students may apply.

For more information, visit the University website or contact: Dr. A.D. Ikuomola, Coordinator, Students’ Support Centre, 3rd Floor, Opposite Legal Unit, Senate Building or Mr. Mapayi, A. V.(Room 29, Student Affairs Division)

Signed: Mapayi, A.V.
for: Chairman (SL & SC)

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