The Nigeria Education Loan Fund (NELFUND) has called on higher institutions across the country to promptly upload the data of their students for the 2024/2025 academic session.
The agency emphasized that timely data uploads are essential for the efficient processing and disbursement of loans to applicants. This was conveyed in a statement addressed to the heads of institutions.
NELFUND, a government agency responsible for managing and disbursing student loans, assured applicants for the 2023/2024 academic session that their approved loans are awaiting disbursement. It urged them to exercise patience, as all successful applicants will receive their funds soon.
Call to Extend Tuition Payment Deadlines
The agency also appealed to institutions to extend tuition payment deadlines for the 2023/2024 session to accommodate successful loan applicants experiencing delays in disbursement.
NELFUND reiterated that it has sufficient funds to handle the volume of applications submitted by undergraduates nationwide.
In its statement, the agency expressed gratitude to higher institutions for their cooperation in supporting students’ access to education funding and facilitating the loan application process.
It also urged institutions to adhere to the prescribed procedures to ensure a smooth application and disbursement process.
NELFUND reaffirmed its commitment to making education loans accessible to undergraduates across the country.
Awareness Campaigns Ongoing
Under the leadership of Akintunde Sawyerr, NELFUND has been conducting tours of institutions across Nigeria to educate prospective applicants about the loan programme.
In less than six months NELFUND opened its application portal for students, 105,844 students across 98 higher institutions have received over N11 billion in disbursement, as of November 6, 2024, when it released data of beneficiaries.
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Why is it my nelfund is still showing pending and it’s over a month now that I have applied, my course mates have started receiving their own
Verified but the money not drop
I was verify and approved but yet the money has not drop and my mates have seen their own