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16 additional state-owned schools approved for student loans

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The Nigerian Education Loan Fund (NELFUND), said yesterday 16 additional state-owned tertiary institutions have submitted their students’ data for the student loan scheme.

NELFUND, which disclosed this through its official X handle yesterday, explained that the addition of the 16 institutions brought the total number of registered state-owned institutions in the scheme to 86.

“Following our previous announcements onboarding 70 state-owned tertiary institutions to the Nigerian Education Loan Fund Student Loan Applications Portal, we are delighted to share that an additional 16 state-owned institutions have now been added to the portal.

“This brings our total to 86 state-owned institutions, further expanding the reach and impact of our student loan program.

“Again, we are urging institutions that are yet to submit their accurate and complete student data to do so timely for their students to benefit from the program”, it tweeted.

The scheme had disclosed last week that tertiary institution students who have successfully applied for the loan scheme and commencing new academic sessions would start receiving credit alerts.

“The people, who are going to first receive alerts as early as next week are those who are about to start a new session in the institution they are in”, NELFUND Managing Director, Akintunde Sawyerr, had hinted.

He added that other successful applicants would not begin to receive credit alerts until the commencement of academic sessions in their respective institutions.

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