Abstract

The study findings reveal that most public university students apply for loans because of poverty. Other students apply for the loans because of weaknesses in student loan administration, fear to lose their money and following fellow students who are getting money from student loan scheme. Graduates fail to repay student loans because of not being aware of loan recovery mechanisms, not knowing that signing of loan application forms with loan guarantors, District Commissioners/ magistrates has to do with repayment of the loan. Other factors behind graduates’ student loan non –repayment are lack of loan repayment details, absence of well established loan administration structures in colleges / universities, failure by Public Universities Students Loan Trust to trace and track graduates, weak legal system, lack of seriousness in student loan administration, low monthly salaries, graduates not aware of loan beneficiaries who had repaid their loans, huge responsibilities, unemployment, narturing a feeling that public tertiary education be provided freely, lack of saving culture, change of professional career and taking advantage their guarantors could not be asked to repay the loans. Categorically, the factors that make graduates fail to repay student loans have to do with both the clients and the system dealing with administration of student loans. Graduates are to some extent justified for not repaying the loans hence cannot wholly be blamed for the loan non – repayment. PUSLT is also to blame for the loan non -repayment. So student loan scheme policy reformation should deal with both the system and the clients

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School	: School of Education
Issued Date	: 2015

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