The Alumni Association of Ladoke Akintola University of Technology (LAUTECH), Ogbomoso, Oyo state, has set up a scholarship scheme for indigent students of the institution which has to do with the recent fee hike.
According to Premium Times, Solomon Onilede, the National President of the association made this known at the 12th annual lecture of the association with the title; “States Universities and Funding: Intrigues”. The annual lecture was held at the institution on Tuesday.
According to reports, LAUTECH recently increased tuition fees from N63,500 to N90,000 for returning students who are indigenes of Oyo or Osun state; and from N72,500 to N100,000 for non-indigene students of the institutions.
According to Mr. Onilede, “The beneficiaries of this scholarship are strictly going to be indigent students who are on the verge of dropping out due to their over-concentration on work at the expense of their studies.
“There would be some of us who will screen them to ensure that we are dealing with typical indigent students,
“The selection would not only be based on the fact that a student is indigent but also must be seen as having potential. Reasonable academic performance is also very important. Students, who feel they are having issues with their finances should approach members of the committee who are on this campus to let us know of their situation”.
The President of the association gave a million naira to the LAUTECH Alumni cooperative and investment embers of the association who need financial assistance. He said members would be provided with soft loan facility which would be repaid at the end of the year at no interest rate.
Some of the students spoke with Premium Times applauded the introduction of the scholarship scheme.