16 more state-owned institutions submit data for student loan — NELFUND

The Nigerian Education Loan Fund (NELFUND) on Thursday revealed that 16 more state-owned tertiary institutions have submitted their students’ data for the student loan scheme.

NELFUND via its official X handle noted that the addition of the 16 institutions brings the total number of registered state-owned institutions to 86.

The Fund tweeted, “Following our previous announcements onboarding 70 state-owned tertiary institutions to the Nigerian Education Loan Fund Student Loan Applications Portal, we are delighted to share that an additional 16 state-owned institutions have now been added to the portal.

“This brings our total to 86 state-owned institutions, further expanding the reach and impact of our student loan program.

“Again, we are urging institutions that are yet to submit their accurate and complete student data to do so timely for their students to benefit from the program.”

NELFUND had disclosed that tertiary institution students who have successfully applied for the Federal Government’s loan scheme and are commencing new academic sessions will start receiving credit alerts.

“The people who are going to first receive alerts as early as next week are the people who are about to start a new session in the institution they are in,” NELFUND Managing Director, Akintunde Sawyerr.

He said other successful applicants would not begin to receive credit alerts until the commencement of academic sessions in their respective institutions.

The President approved N35bn for the take-off of the scheme after signing the law backing the scheme on  April 3.

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