Finally, Students of State Varsities is Eligible for Student loan, NELFUND Clarifies…details

The management of the Nigerian Education Loan Fund (NELFUND) has clarified that students in state universities are also eligible for the student loan program, not just those in federal Universities.

It emphasised that, by law, state institutions are included in the program, and described claims suggesting otherwise as “incorrect.”

This was made known in a statement by the NELFUND Media and Public Relations Lead, Nasir Ayitogo, on Tuesday, May 21.

The statement reads: “The management of Nigerian Education Loan Fund (NELFUND) has noticed the publication of misleading narratives on social media claiming that the student loan programme is solely for federal institutions. NELFUND categorically states that this information is incorrect.

“State institutions are unequivocally by law included in our student loan programme.

“The programme is designed to roll out in phases in order to ensure effective and efficient management of the process.

“The first phase for a start will focus on students attending federal institutions.

“The second phase, which will be launched shortly after the initial rollout, will extend the programme to students at state institutions.

“NELFUND is fully committed to providing financial support to all eligible students, regardless of whether they attend Federal or State tertiary public institutions they attend.

“The mission of President Bola Ahmed Tinubu’s Renewed Hope Agenda is to ensure that all desirous students have access to the financial resources necessary to pursue their educational goals and aspirations.”

NELFUND had on Thursday, May 16 said that the 24th of May, 2024 is the official date for the opening of the portal for student loan applications.

Source: X | NELFUND