NELFUND Postpones Student Loan Application For State Varsities

The management of the Nigerian Education Loan Fund (NELFUND) has announced a 14-day postponement of the application process for student loans for state institutions.

This is contained in a statement by the agency in Abuja yesterday.

NELFUND said the decision was necessitated by the failure of several state-owned institutions to upload the required student data and fee information to its Student Verification System.

The statement said, “Only a limited number of state-owned institutions have successfully completed the data submission process. These include 20 state universities out of 48; 12 state colleges of education out of 54; and two 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.

“The application window, initially set to open on June 25, 2024, will now commence on July 10, 2024."

NELFUND said the extension would provide additional time for state institutions to comply with the data submission requirements and ensure their students benefit from the Federal Government’s student loan scheme.

The information required for the loan application include the Joint Admissions Matriculation Board numbers, matriculation numbers, admission numbers, full names, levels, faculties and departments, duration of programme, fees and gender of all eligible students.

It said incomplete or incorrect data submissions would result in application delays and potential disqualification for affected students.