The
Nigerian Education Loan Fund, NELFUND, announced in its latest report a significant expansion of its student loan scheme, with 36 state-owned
tertiary institutions having sent their students’ data to its Student
Verification System, SVS. To this end, the Fund said the student loan
application for the 36 institutions has been onboarded; consequently, students
of the 36 state-owned tertiary institutions are now eligible to participate in
the NELFUND loan scheme. You will remember that the loan scheme upon its launch in
May 2024 was available to only students of federal tertiary institutions. This development is expected to benefit over
1.2 million students across the country.
The
statement reads:
The Nigerian Education Loan Fund (NELFUND) is pleased to announce that students enrolled in the following 36 state-owned tertiary institutions can now apply for student loans effective today, July 7, 2024 The management of these institutions has successfully submitted their student data to the NELFUND Student Verification System (SVS). The inclusion of these additional institutions is a testament to our commitment to ensuring that no student is left behind in accessing quality education.
The
statement by the NELFUND management further urges other state-owned tertiary
institutions to submit their complete student data to enable their students to
benefit from the scheme.
About NELFund Students Loan
The
student loan scheme, a flagship programme of the President Bola Tinubu
administration, has a budget of N35 billion. The scheme aims to provide
financial support to students pursuing higher education in Nigeria. See NELFUND Student Loan: All You Need to Know Before Applying
The Eligible State-Owned Tertiary Institutions
- Adamawa State University, Mubi
- Ramat Polytechnic, Maiduguri
- Borno State University
- Mohammed Lawan College of Agriculture, Borno
- Edo State University, Uzairue
- Ekiti State University, Ado-Ekiti
- Gombe State University
- Kingsley Ozumba Mbadiwe University, Imo
- Imo State University of Agriculture and Environmental Sciences, Umuagwo
- Nuhu Bamalli Polytechnic, Zaria
- Yusuf Maitama Sule University, Kano
- Umaru Musa Yar’adua University, Katsina
- Katsina State Institute of Technology and Management
- Kebbi State University of Science and Technology, Aliero
- Confluence University of Science and Technology, Kogi
- Lagos State University of Education
- Lagos State University
- Nasarawa State University, Keffi
- Tai Solarin University of Education, Ogun
- University of Medical Sciences, Ondo
- Osun State University
- University of Ilesa, Osun
- GTC, ARA, Osun
- GTC, Gbongan, Osun
- GTC, IJEBU-JESA, Osun
- GTC, ILE-IFE, Osun
- GTC, INISA, Osun
- GTC, IWO, Osun
- GTC, OSU, Osun
- GTC, OTAN AYEGBAJU, Osun
- Osun State College of Education, Ila-Orangun
- Government Technical College, Ile-Ife
- Osun State College of Technology
- Taraba State University, Jalingo
- Umar Suleiman College of Education, Gashua, Yobe
- Zamfara State University, Talata Mafara
With
this development, NELFUND has reaffirmed its commitment to supporting the
educational aspirations of Nigerian students and promoting academic excellence
in the country.
This expansion is a significant step towards achieving our goal of ensuring that every Nigerian student has access to quality education, regardless of their financial background. We will continue to work tirelessly to ensure that the scheme reaches every corner of the country.
In eulogising the NELUND management, Professor Abdullahi Bala, Vice-Chancellor of Kano State University, said
This is a welcome development for our students, who have been facing financial difficulties in pursuing their academic dreams. We commend NELFUND for this initiative and look forward to seeing the positive impact it will have on our students' lives.
Loan Opportunities
NELFUND
provides various loan opportunities to eligible students, including:
- Tuition Fees:
Covering tuition costs for undergraduate and postgraduate programmes.
- Accommodation and Living Expenses:
Supporting students’ living arrangements during their studies.
- Books and Materials:
Assisting with essential study materials.
- Research programmes: funding includes your research projects and academic endeavours.
Benefits of NELFUND Student Loan
- Interest-Free:
The loans are interest-free, making them an affordable option
for students.
- Inclusive:
Both federal and state-owned institutions are included,
expanding access.
- Support for Academic Excellence:
Helps students maintain focus on their studies without
financial worries.
Application Process
The
application process for NELFUND student loans is streamlined to ensure
accessibility and ease for students. Here are the steps involved:
- Data
Submission: Ensure your institution has
submitted your complete academic and personal data to the NELFUND SVS portal.
- Online Application:
Visit the NELFUND official website and fill out the online
application form. Ensure that all your details, including your JAMB number,
matriculation number, and admission number, are accurate.
- Verification:
NELFUND will verify the submitted data. This process involves
matching your details with the data submitted by your institution.
- Approval and Disbursement:
Upon successful verification, the loan will be approved and
disbursed directly to the student's account.
Conclusion
The NELFUND student loan scheme represents a significant step towards making higher education more accessible in Nigeria. With comprehensive coverage of federal and state-owned institutions, the program aims to support the academic aspirations of millions of students. Stay tuned to this blog and our social media platforms for updates on participating state-owned institutions and ensure your application details are accurate for seamless access to this vital funding.
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