The Federal Government has distributed N2.14 billion in student loans, benefitting approximately 18,998 students. The Nigerian Education Loan Fund yesterday announced this development on its X, noting that this disbursement has extended to 40 additional higher institutions, raising the total number of institutions benefiting from the fund to 59. This development underscores NELFUND’s dedication to…
The Nigerian Education Loan Fund has clarified that geopolitical zones do not influence the disbursement of its funds. This came after NELFUND shared that it had released the sum of N2.94bn to 19 universities for 27,667 students. The list revealed that universities in the South-East and South-South regions were not included among the beneficiaries, sparking…
The Nigerian Education Loan Fund has approved the disbursement of student loan to successful applicants. NELFUND held its inaugural board meeting on Wednesday, marking a milestone in its mission to support students with financial aid. Under the leadership of its Chairman, Mr Jim Ovia, the board approved the immediate disbursement of student loans to successful…
The management of the Nigerian Education Loan Fund has announced a 14-day postponement of the application process for student loans for state institutions. According to a statement by the agency in Abuja, the development was due to “low data submissions.” NELFUND said the decision was necessitated by the failure of several state-owned institutions to upload…
No fewer than 3,764 students from 126 institutions have sent in applications for the student loan as of 7:27pm on Friday, data obtained from the Nigerian Education Loan Fund has revealed. No funds have been disbursed yet as applications are currently being reviewed. To apply, students need to visit the official student loan portal, nelf.gov.ng,…
The Senate has passed the Student Loan, Access to Higher Education, Act 2024. The senate’s resolution followed its consideration of the report of the senate committee on tertiary institutions and TETFUND. The chairman of the committee, Senator Muntari Dandutse presented the report during plenary. Last week, President Bola Tinubu transmitted the Bill to the National…
The National Association of Nigerian Students (NANS) has advocated for a five-year period after the completion of the National Youth Service Corps (NYSC) for the commencement of repayment for beneficiaries of the Federal Government loan scheme. NANS argued that expecting repayment to start just two years after NYSC is not realistic, as less than 10…