Student Loan
Ex-lawmaker repays N3.2m student loan taken in 1970s
A former member of the House of Representatives, Lanre Laoshe, has repaid his N1,200 student loan received between 1976 and 1979 with N3,189,217.00 to the Nigerian Education Loan Fund, a statement by NELFUND said on Tuesday. Laoshe, according to the statement signed by Nasir Ayitogo of the communications department who benefited from the defunct Federal […]
Loans: NELFUND disburses N1.72bn for 20,000 students’ fees
The Nigerian Education Loan Fund, NELFUND, says it has disbursed over N1.72 billion as loans to 20,000 students in five tertiary institutions. He added that an additional N850 million would be disbursed before the close of work on Wednesday to another institution, bringing the total disbursed amount to tertiary institutions to N2.5 billion. The Fund […]
FULL LIST: 12 more state-owned tertiary institutions submit data to NELFUND
The Nigerian Education Loan Fund (NELFUND) has announced the inclusion of 12 additional state-owned tertiary institutions eligible for student loan applications, effective Wednesday, July 10, 2024. This announcement was made in a statement signed by NELFUND spokesperson Nasir Ayitogo on Wednesday. Ayitogo stated that the expansion follows the successful submission and verification of required data […]
BREAKING: NELFUND postpones student loan application for state-owned institutions
The Management of Nigerian Education Loan Fund on Tuesday announced a 14-day postponement of the application process for student loan for state institutions due” to low data submissions,” a statement by the agency said in Abuja. The Fund said the decision was necessitated by the failure of several state-owned institutions to upload the required student […]
Student loan: NELFUND to publish institutions with complete data June 24
The Nigerian Education Loan Fund (NELFUND) has announced that it will publish the full list of institutions that have submitted their complete student data on June 24, 2024. This move aims to ensure transparency and encourage participation in the scheme by both undergraduate applicants and tertiary institutions. According to NELFUND, many federal institutions have already […]
ASUU Condemns FG Student Loan Initiative
The Academic Staff Union of Universities (ASUU), Calabar Zone, has expressed strong objections to the Federal Government’s new student loan program, describing it as a strategy to burden Nigerian students with perpetual debt. The student loan scheme officially launched last Friday, with the application portal opening to the public. Reports indicated that on the first […]
Tinubu directs expansion of student loans programme
President Bola Tinubu has directed an expansion of the focus of the Nigeria Education Loan Fund (NELFUND) to include students interested in skill-development programmes.Tinubu gave the directive to the management of the Fund after receiving briefing on the build-up to the launch of the programme later in the month from the Executive Secretary of NELFUND, […]
Students Loan Scheme will take off this January – FG
The federal government, on Wednesday, January 17, reaffirmed that the January target for the take off of the Students Loan Scheme is still very much intact.Minister of State for Education, Yusuf Sununu, gave the affirmation while addressing journalists after the Federal Executive Council (FEC), presided over by President Bola Tinubu at the State House, Abuja. […]