South-East governors and lawmakers representing the region in the National Assembly have stepped in to help students from the region benefit from the Federal Government’s student loan scheme. The Deputy Speaker of the House of Representatives, Benjamin Kalu, disclosed this in a statement on Monday. Kalu assured students from the region that the issues would be resolved and they would …

The Student Loan Scheme is a conception of the purest, noblest, and loftiest of intentions and design. It is a bond to secure the nation’s future and a promissory note to a prosperous destiny for many young Nigerians. The kernel of the scheme is to remove the impediments of finance and guarantee access to higher education and skill development for …

The Nigerian Education Loan Fund (NELFUND) has clarified that geopolitical zones do not influence the disbursement of its funds. This came after NELFUND shared that it had released the sum of N2.94 billion to 19 universities for 27,667 students. The list revealed that universities in the South-East and South-South regions were not included among the beneficiaries, sparking criticism from some …

The Nigeria Education Loan Fund (NELFUND) on Wednesday, announced what it described as a significant milestone, receiving the highest number of student loan applications within a 24-hour period since the launch of its portal on 25 May 2024. In a statement on Wednesday, NELFUND said it “recorded 9,687 student registrations, with 7,975 completed loan applications”, on 7 August 2024. The …

The Nigerian Education Loan Fund (NELFUND), said yesterday it has disbursed over N1.72 billion as loans to 20,000 students in five tertiary institutions. It added that an additional N850 million would be disbursed before the close of work on Wednesday to another institution, bringing the total disbursed amount to tertiary institutions to N2.5 billion. The Fund also revealed that all …

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 …

The Nigerian Education Loan Fund (NELFUND) has confirmed that Nigerian students studying abroad were ineligible for the newly introduced student loan scheme. The NELFUND’s Managing Director, Akintunde Sawyerr, disclosed this information on Friday. The Access to Higher Education Act, 2023, signed into law by President Bola Tinubu on 12 June, aims to provide interest-free loans to indigent students attending Nigerian …

The Academic Staff Union of Universities (ASUU), Calabar Zone has opposed the proposed Student Education Loan of the Federal Government describing it as a ploy to enslave Nigerian Students and make them remain indebted to the country forever. Addressing a press conference in Uyo, Akwa Ibom State capital on Monday, the Zonal Chairperson of ASUU, Dr Happiness Uduk, said it …

Less than 48 hours after the federal government announced the indefinite suspension of the student loan scheme, President Bola Tinubu has sent a bill to the National Assembly seeking repeal of the current Act, and passage of a new bill. In a letter addressed to Speaker, Rt. Hon.Tajudeen Abbas, President Tinubu said the action was necessary to ensure easy implementation …

Ahead of the official launch of the Student Loan Scheme on 21 February 2024, the Nigeria Education Loan Fund said it is finalising repayment modalities. Although it confirmed that the 10 per cent direct deduction from the beneficiaries’ salaries still stands, applicants can pay higher percentages or 100 per cent upfront if they choose. Persons confirmed to be dead, terminally …