Edutech offers loan to students
TECHDIGEST – Utiva has revealed plans to offer a ‘Learn Now, Pay Later’ loan scheme to 100,000 students.
According to the firm, it has partnered with six loan and credit companies to offer 100,000 students loans to enable them to acquire tech skills in areas like data science, cloud computing, and product management.
In a statement, the Chief Executive Officer, Utiva, Eyitayo Ogunmola, said, “Our commitment has always been to reduce the barriers to entry for those who want to learn tech skills, and this is an opportunity to do it in a big way.”
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He stated that his firm uses technology to provide a streamlined onboarding process, enabling students to start learning within five minutes of applying.
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He added, “The new partnership is part of Utiva’s ongoing mission to help more Nigerians access technology education and improve their career prospects. The “Learn Now, Pay Later” model allows individuals to access education and training programs without upfront payment.
“This financing method is especially useful for those who cannot afford to pay the full cost of education or training upfront. Instead, students can complete their studies and begin working before starting to repay the loan.”
