NELFUND To Extend Student Loan Applications To State Varsities
Akintunde Sawyerr, the Managing Director of the Nigerian Education Loan Fund, recently revealed during a press briefing in Abuja on Thursday that the scheme will be extended to state university students within the next three weeks.
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The Nigerian Education Loan Fund (NELFUND) has revealed plans to extend the application of student loans to state universities across the country.
This is following the recent launch of the loan application portal for students in Federal Universities. NELFUND had previously announced that the student loan initiative would be rolled out in stages, with students from Federal Universities being the first to benefit.
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Akintunde Sawyerr, the Managing Director of the Nigerian Education Loan Fund, recently revealed during a press briefing in Abuja on Thursday that the scheme will be extended to state university students within the next three weeks.
NELFUND reported that the website of the student loan fund has received over 60,000 visitors since its launch, the Managing Director of the Nigerian Education Loan Fund. Sawyerr also noted that over 90% of federal institutions have submitted the list of students, noting that only two federal universities and two federal polytechnics are yet to do so.
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This development comes in the wake of President Bola Tinubu's signing of the Access to Higher Education Act into law. The act aims to provide indigent students with access to interest-free loans for their educational pursuits in any Nigerian tertiary institution.
