Student Loan
Edge Tuition
Student School Fees Loan
A specialized, interest-free financing solution for technology students at our partner institutions: American Open University Nigeria and ACTECH. No repayment during study, and a 2-month grace period after graduation.
During Study
0%
interest rate
Post Grace Period
5%
flat monthly rate
Repayment Tenor
6–24
months
Cost after the grace period. 5% flat per month equals 60% per annum flat, a representative APR of approximately 100% per annum including the 3% processing fee. Interest is 0% during study and grace. See full rates, fees & APR.
🎓 0% Interest During Study
📅 2-Month Grace Period
💻 Tech Programs Only
🏫 American Open University Nigeria
🏛️ ACTECH – American College of Technology
📊 5% Flat Monthly Post-Grace (60% p.a. flat)
🗓️ 6–24 Month Repayment
💰 3% One-Time Processing Fee
🔒 Disbursed to Institution Directly
🎓 0% Interest During Study
📅 2-Month Grace Period
💻 Tech Programs Only
🏫 American Open University Nigeria
🏛️ ACTECH – American College of Technology
📊 5% Flat Monthly Post-Grace (60% p.a. flat)
🗓️ 6–24 Month Repayment
💰 3% One-Time Processing Fee
🔒 Disbursed to Institution Directly
How It Works
Phase 1
Study Period
- Loan disbursed directly to the institution
- No interest charged
- No repayment required
Phase 2
Grace Period (0–2 Months Post-Graduation)
- No interest accrual
- Time to secure employment
- Zero financial pressure
Phase 3
Repayment Period
- 5% flat monthly interest begins
- Fixed repayment schedule activated
- 6–24 month repayment tenor
Supported Courses
Exclusively for technology programs at our partner institutions (AOU Nigeria & ACTECH):
- Software Development
- Data Science
- Cybersecurity
- Product Design
- Other Digital Skills
Eligibility Criteria
- Admitted into American Open University Nigeria or ACTECH (Tech programs only)
- Proof of enrollment or admission letter from a partner institution
- Nigerian resident with valid identification
- Valid Bank Verification Number (BVN)
- Guarantor (parent / guardian / sponsor)
Pricing Structure
Interest During Study0% (Interest-Free)
Grace Period Interest0%
Post-Grace Interest5% flat monthly
Processing Fee3% (one-time)
Late Payment Penalty2% per month on overdue amount
Required Documents
Admission letter from American Open University Nigeria or ACTECH
Valid ID (National ID, Voter's Card, or International Passport)
Bank Verification Number (BVN)
Guarantor's details and financial information
Bank statements (student and/or sponsor where applicable)