How to Apply for a Student Loan in Al-Qalam University Katsina “AUK”

This article contains information on How to Apply for a Student Loan in AUK “Al-Qalam University Katsina”. As a student of AUK, if you are having issues with your school fees, accommodation as well as other fees and you want to get a loan, this article will be of help to you.

How to Apply for a Student Loan in AUK

What You Need to Know About AUK and How Loans are of Benefit to their Students

The university is a private Islamic university and it is in Katsina State. Mostly attended by Muslims, the university impacts knowledge, fear and morals of Allah into its students. As a result of AUK’s religious affinity, the university does not have a high student population. Also, admission to Al-Qalam University is not very competitive.

If you are having issues with finances as a student of AUK, a loan can be of help to you in many ways. With the help of a loan, you do not have to take a gap year and you can focus entirely on your academics.

What Type of Loans can AUK Students Apply for in Nigeria

A student of AUK in Nigeria can apply for loan from the federal government of Nigeria. The federal government has educational loans that help to assist students in paying their school fees as well as other fees in school.

Also, an AUK student can get loans from private lenders and cooperatives. Another loan outlet is commercial banks as well as microfinance banks that offer educational loans to both public as well as private students.

Eligibility Requirements to Apply for Loan as an AUK Student

The requirements are quite simple. They are;

  • Applicant must be a student of AUK
  • The student must demonstrate financial need
  • There must be a minimum of one guarantor to stand as surety
  • Applicant must not have a criminal record of any kind

Other requirements might be listed by the loan outlet that you have chosen to get a loan from.

Documents Required for the AUK Student Loan Application Process

Applicant must have the following documents before applying for a loan;

  • Copies of academic transcripts
  • A valid means of identification
  • Bank statements of the applicant as well as the guarantor
  • Two or more passport photographs
  • Employer status of applicant’s guarantor
  • Copies of personal information on the applicant as well as the guarantor

You can check with the loan outlet to find out other documents that might be required.

Loan Application Process 

  • Get the application form
  • Fill in the information as required
  • Submit your application alongside the required documents

Alternatives to Loans 

A scholarship is better than a student loan. You can try applying for any of these scholarships;

  • Shell Nigeria Scholarship Scheme
  • PTSD Scholarship Scheme
  • Jim Ovia Foundation Scholarship
  • NNPC/Total National Merit Scholarship

Conclusion 

In conclusion, you can follow the above steps to apply for a loan as an AUK student. Also, if you do want to apply for a loan, you can apply for any of the scholarships listed above.

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