Q: Are there any collateral requirements? A: Collateral requirements are taken off, but a guarantor may very well be needed. Go and google Biden forgiving student loans and find out the durations which was covered. Can Nigeria afford these types of without the method likely bankrupt? That's just one issue. https://africred.org/11-Things-You-Need-To-Know-About-the-Student-Loan-Law-in-Nigeria