Student Loan Application To Open For State-owned Institutions In Three Weeks
The Nigerian Education Loan Fund (NELFUND) says the student loan scheme will be open to state-owned tertiary institutions in three weeks.
On May 24, the NELFUND portal went live.
Before the rollout of the scheme, NELFUND said students of federal universities, polytechnics, and colleges would benefit from the first phase of the scheme.
However, NELFUND clarified that the scheme’s second phase will extend loans to state-owned institutions.
Speaking at a press briefing on Thursday, Akintunde Sawyerr, NELFUND managing director, said since the launch of the scheme, an overwhelming response has been received, with over 60,000 students successfully registering on the portal.
“This for us has been an overwhelming response and it serves as a testament to the critical need for financial assistance amongst our student population and we remain committed to addressing this urgent demand,” he said.
He said registrations do not necessarily translate to completed their student loan applications by the students, adding that of the figure, only 30,000 have successfully applied.
The managing director said in line with NELFUND’s commitment to higher education, it will “commence accepting applications from students attending state owned tertiary institutions in three weeks time”.
Asked about the exact date, he said the fund aims to start receiving applications on June 25. He however added that with factors like the upload of data by institutions, the date remains tentative.
