Study Loan Frequently Ask Questions
What are the requirements?
It is strictly degree holders who intend to further their masters program.
What's the Approved CGPA?
For Canada loan schools, it is 3.5 upwards.
For US and other European loan schools, it is 3.1 upwards.
What documents do I need?
Transcript
Bsc certificate
WAEC/NECO
CV
SOP
References
Passport
Do I need to pay Anything before I can proceed?
Yes. Application (#150,000) fee and registration fee (#20,000)
How do I proceed with my application?
First, make your payment for the Registration and application fee, send proof of payment for confirmation, and forward your documents to our official mail address or to the official company WhatsApp numbers or you can submit in any of our branches closest to you.
How long does the whole process take?
Approximately two months
What and what does the loan cover?
Tuition fees
Can I get a loan for my living expenses?
Yes for UK, No for other countries.
Does the loan cover my flight and visa fee?
No, it doesn’t.
Will the tuition fees be sent to my personal account?
No, tuition is paid directly into the school account.
Does the loan cover my full tuition?
Yes.
What's the repayment plan for the loan?
You have upto 10years to repay the loan. Repayment can be done monthly, quarterly, or annually depending on your signed agreement with the loan company.
What's the repayment amount?
This would depend on your tuition fees and the price you agreed to be paying either on a monthly, quarterly, or yearly basis.
Is it possible I don't get the loan even after I've gotten admission?
Yes. If you don’t meet the credit score check, necessary work experience, and if you lack some personal financial backing to show you’re not relying 100% on the loan. Please ensure you have a good credit record.
Is there an interest on the loan?
Yes. There’s a yearly 15% interest fee.
When do I have to start repaying the loan?
Immediately after your studies.
Can I travel with my family?
Yes, as long as you’ll be able to show that you’re capable of covering their living cost.
Do I need proof of funds during visa application?
Yes, you do.
Can the company assist with POF?
Yes. POF is 3.5% monthly.
Is there a service charge by Miposh Educational Travels?
Yes.
How much is the service charge and when do I pay it?
Our service charge is N1m paid once your visa is out.
What does the service charge cover?
Admission processing/assistance, Loan processing/assistance, and visa processing assistance