Alexandra Holmes
Tue, Sep 5, 2023 6:05 PM

University of Lagos Introduces Instalment Payment Option for Students

Top NewsEarn Max 30 Coins💰 Get coins immediately after reading this article

University of Lagos Introduces Instalment Payment Option for Students
The University of Lagos (UNILAG) has introduced an instalment payment option for students in response to the recent fee increase. With this new initiative, students can now pay their tuition fees in instalments, easing the financial burden on both new and returning undergraduates. The article provides a breakdown of the payment process and highlights the importance of timely payments for examination dockets and registration.

Akoka, Lagos state - The University of Lagos (UNILAG) has introduced an instalment payment option for students following its recent fee increase, which took effect from the 1st Semester, 2023/2024 Academic Session.


The university management, in a statement sighted by Legit.ng, explained how the instalment option works "following various complaints by a cross-section of new and returning students of their inability to take advantage of the initiative.


Below is how to go about the instalment option process:


Please note that the payment advice used for the first payment will also be used for subsequent payments.


For instance, for new undergraduates who opt for payment in instalments, the minimum payment is Utility (100%) + toxicology (100%) + obligatory (50%).


For returning undergraduates who opt for payment in instalments, the minimum payment is Utility 100% + 50% obligatory.


According to UNILAG's management, both new and returning undergraduates must pay 20% of the balance before printing examination dockets for the 1st Semester 2023/2024 examinations.


Below is the payment breakdown:


New, returning undergraduates and final-year students must pay the final 30% balance before the end of registration for the 2nd Semester, 2023/2024.


"Some are complaining, but some have paid the fees already. So you can see that it is all man for himself. May God Almighty help us all," Aisha 'Koya said.


The introduction of the instalment payment option by the University of Lagos has been welcomed by students who were previously facing difficulties in paying their tuition fees. This new initiative aims to ease the financial burden on students, providing them with a flexible payment arrangement.


With this instalment option, new undergraduates have the choice to pay their fees in smaller installments. The minimum payment for new undergraduates includes the Utility, toxicology, and obligatory fees. By paying 100% of the Utility and toxicology fees and 50% of the obligatory fee, students can then proceed with registration.


Returning undergraduates, on the other hand, are required to pay 100% of the Utility fee and 50% of the obligatory fee to initiate the instalment payment option.


It is important to note that all students, whether new, returning, or final-year, must pay 20% of the remaining balance before they can print their examination dockets for the 1st Semester, 2023/2024 examinations. This ensures that students have fulfilled a portion of their financial obligation to the university.


The remaining 30% balance for new, returning, and final-year students must be paid before the end of registration for the 2nd Semester, 2023/2024. Meeting this deadline is crucial for students to continue their academic journey and access the necessary resources provided by the university.


While the introduction of the instalment payment option has garnered positive feedback, some students have expressed their concerns and frustrations over the fee increase and the financial implications it poses. It is a reminder that higher education costs continue to be a challenge for many students and their families.


However, the university management emphasizes the importance of timely payments to ensure a smooth academic experience. By adhering to the payment deadlines, students can avoid any disruptions to their studies and maintain their eligibility for examinations and registration for the next semester.


The University of Lagos remains committed to providing quality education and supporting its students' educational journey. The introduction of the instalment payment option demonstrates the university's willingness to address the financial constraints faced by students, promoting inclusivity and accessibility.


As the new instalment payment option takes effect, students are encouraged to communicate with the university's finance department for any further clarifications or assistance regarding the payment process.


In conclusion, the introduction of the instalment payment option by the University of Lagos is a significant step towards making education more affordable and accessible to its students. By offering a flexible payment arrangement, the university aims to alleviate the financial burden faced by many students, ensuring a conducive learning environment for all.


Source of content: OOO News 2023-09-05 News

More detailed, more comprehensive, fresher news, please visit OOO NEWS.

Share content to earn coins