How to get Student Loan to Study Abroad in Nigeria

Exploring Educational Opportunities Abroad: The Japa Phenomenon in Nigeria


In Nigeria, there is a popular word among students known as “japa,” which is a street slang used to refer to traveling abroad. While the literal meaning of the word is to travel abroad, its contextual significance extends beyond that. It represents the act of exporting our resources, brilliant minds, and talents to foreign lands due to the unfavorable conditions in our country.

In recent times, many Nigerian students aspire to pursue their graduate studies, such as MSc or Ph.D., abroad immediately after completing their undergraduate education. This inclination stems from the belief that the quality of education in Nigeria is subpar and falls below international standards. Sadly, this belief holds some truth. Education in Nigeria receives insufficient attention, and our universities suffer from chronic underfunding, lacking the necessary resources to compete globally.

The allure of studying at international universities lies in the expectation that students will acquire the skills required to excel in the job market. Nigerian graduates are often deemed inadequately prepared due to the heavy emphasis on theoretical teachings within the country. In contrast, international universities prioritize practical-based education and real-life situation analysis.

To realize the dream of studying abroad, students either rely on financially affluent parents to fund their education, which is an option available to only a small percentage, or they explore scholarships. Scholarships can be obtained from international sources, such as foundations, or through the educational institution offering admission. However, national scholarships for Nigerian students to study abroad are limited and highly competitive.

If these options are unattainable, students must consider the possibility of taking out a loan.

One notable avenue to explore is the Educational Advisory Service (EAS).

What is the Educational Advisory Service (EAS)?

The Education Advisory Service (EAS) is a specialized support organization for Nigerian students, established through a partnership between MOD Group and First City Monument Bank (FCMB). This organization provides access to overseas education loans and offers various services, including technical assistance, admission processing, and enrollment management. Eligible students may also benefit from discounted flights, lodging, and temporary housing arrangements at airports.

What Expenses Does EAS Study Abroad Loans Cover? EAS loans typically cover tuition fees, living expenses, and other related costs that arise during the course of studying abroad. Successful applicants have their study funds transferred directly to the account of the institution where they have been admitted. It is important to note that EAS serves as an intermediary between students and institutions offering the loans, as different loan options are available on the EAS platform.

What Other Benefits Does the Educational Advisory Service (EAS) Offer? In addition to access to study abroad loans, recipients of EAS scholarships enjoy the following benefits:

  • Reduced travel fares: Recipients receive discounts on flight fees through major airlines such as Delta, Lufthansa, Virgin Atlantic, and Etihad.
  • Complimentary credit card: Recipients are provided with a complimentary Visa or Mastercard credit card.
  • Education financial aid: Recipients can receive up to $25,000 in financial aid to support their education.

Which Countries Are Eligible for EAS Study Abroad Loans?


While students applying directly to study abroad through self-funding or other scholarship schemes have the flexibility to apply to universities in any country, EAS restricts applications to the following countries:

  • Australia
  • United Kingdom
  • Canada
  • Ireland
  • United States of America

How Can I Contact EAS to Apply for a Study Abroad Loan? To reach out to EAS and apply for a study abroad loan, visit their official website at

Conclusion Studying abroad is undoubtedly a significant financial commitment. If you are unable to secure a scholarship that provides full sponsorship, it is advisable not to pursue this path. However, if you decide to explore the loan option, ensure that it offers comprehensive support and sufficient funding to fulfill your educational aspirations.

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