The Management of the Nigerian Education Loan Fund (NELFUND) has announced the postponement of the application process for student loans for state-owned institutions due to low data submissions.
The postponement, for a duration of two weeks (14 days), was deemed necessary because several state-owned institutions failed to upload the required student data and fee information to the NELFUND Student Verification System (SVS).
Nasir Ayitogo, the Head of Media and Public Relations at the Nigerian Education Loan Fund (NELFUND), conveyed this in a statement on Tuesday in Abuja.
“Only a limited number of state-owned institutions have successfully completed the data submission process to date. These include 20 state universities out of 48, 12 state colleges out of 54, and 2 state polytechnics out of 49.
“While we acknowledge the efforts of these institutions, the failure to submit data from the remaining state institutions poses significant challenges to ensuring a seamless and accurate verification process for student loan applicants,” he stated.
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Ayitogo added that the application window, initially set to open on June 25, 2024, would now commence on July 10, 2024.
He explained that this extension would provide additional time for state institutions to comply with the data submission requirements and ensure their students could benefit from the Federal Government student loan scheme.
“To facilitate an efficient and error-free application process, it is crucial that all state institutions provide complete and accurate information.
“This includes JAMB numbers, matriculation numbers, admission numbers, full names, level, faculties, departments, duration of program, fees, and gender of all eligible students.
“Incomplete or incorrect data submissions will result in application delays and potential disqualification for affected students.
“The fund urges all state institutions to expedite their data submission processes and ensure the accuracy of the information provided.
“Institutions that fail to meet the revised deadline risk disadvantaging their students, who depend on these loans to support their education.
“The fund appreciates the cooperation of institutions that have already completed their submissions and encourages others to follow suit promptly,” the Fund stated.