The Nigerian Education Loan Fund (NELFUND) says that upkeep loan disbursement is now strictly tied to the academic session of each institution.
A statement by the Director of Strategic Communications Oseyemi Oluwatuyi states that in line with the directive, students shall only be entitled to upkeep loans for their current academic session and Upon the conclusion of an institution’s academic year, upkeep payments for that session shall automatically cease.
She further said interested loan applicants are required to apply for the loan at the beginning of every academic session to be eligible for both institutional charges and upkeep for that particular session.
To ensure accuracy and transparency, the NELFUND loan portal is being automated to reflect this adjustment