NELFUND Postpones Student Loan Application Deadline for State Institutions

The Nigerian Educational Fund (NELFUND) has announced a 14-day postponement for the application process of student loans for state institutions.

This decision was disclosed in a press statement signed by Nasir Ayitogo, the Head of Media and Public Relations.

“The Management of Nigerian Education Loan Fund (NELFUND) hereby announce a 14-day postponement of the application process for student loans for state institutions due to low data submissions,” the statement read.

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The postponement is attributed to access issues faced by state institutions. “This decision was necessitated by the failure of several state-owned institutions to upload the required student data and fees information to the NELFUND Student Verification System (SVS),” the statement continued.

NELFUND revealed that only a limited number of state-owned institutions have successfully completed the data submission process., while explaining that 20 state universities out of 48, 12 state colleges out of 54, and 2 state polytechnics out of 49 have successfully uoloaded the required information.

“While we acknowledge the efforts of these institutions, the failure to submit data from the remaining state institutions poses significant challenges to ensuring a seamless and accurate verification process for student loan applicants,” the statement added.

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The application window, initially set to open on June 25, 2024, will now commence on July 10, 2024. This extension aims to provide additional time for state institutions to comply with the data submission requirements and ensure their students can benefit from the Federal Government student loan scheme.

“To facilitate an efficient and error-free application process, it is crucial that all state institutions provide complete and accurate information. This includes JAMB numbers, matriculation numbers, admission numbers, full names, level, faculties, departments, duration of program, fees, and gender of all eligible students. Incomplete or incorrect data submissions will result in application delays and potential disqualification for affected students,” the statement emphasized.