NELFUND: Student Loan Will Not Cover 2023/2024 Academic Session
NELFUND emphasized that the disbursement of the student loan will coincide with the start of the 2024/2025 academic session for each institution. They also noted that the disbursement will not be uniform across all institutions and reiterated that it will not cover the ongoing academic session, which has already commenced in most schools.
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The Nigerian Education Loan Fund (NELFUND) has announced that the disbursement of student loans for federal institutions will commence in the 2024/2025 academic session.
This information was provided in response to inquiries and concerns raised by students regarding the timing of the loan disbursement. NELFUND explained that the student loan will not be available for the current 2023/2024 academic session.
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This clarification comes as many students were worried about the delay in the application process for the student loan and how it might affect their ability to register for courses in the current academic session.
In a statement addressing these concerns, NELFUND emphasized that the disbursement of the student loan will coincide with the start of the 2024/2025 academic session for each institution. They also noted that the disbursement will not be uniform across all institutions and reiterated that it will not cover the ongoing academic session, which has already commenced in most schools.
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NELFUND stated, “Disbursement will start at the beginning of the 2024/2025 academic session of each institution. It won’t be done uniformly and will not cover the current session which has since started in most institutions.”
