6. The governing authority of a higher educational institution shall require a specified bank to refuse to grant a loan to any student or whore such bank has commenced the grant of a loan to a student in instalments to stop the grant of any further instalments of loan-
(a) if such student has performed unsatisfactorily at his examinations ; |
|
(b) if such student has conducted himself improperly ; or |
|
(c) if such student's financial condition has improved since the date on which such student's name was forwarded to such specified bank in terms of subsection (3) of section 3 or since the grant of the loan, as the case may be, |
| and it shall be the duly with such requirement. f such, specified batik to comply |