Student Loan: N20,000 Stipend May See Increase, Says NELFUND

 The National Education Loan Fund (NELFUND) has hinted at a potential increase in the current student loan stipend of N20,000. This announcement marks a significant development for students who rely on these funds to support their education.

NELFUND, which administers the student loan scheme aimed at improving access to higher education, has acknowledged the financial challenges faced by students. The fund's management is reportedly considering an adjustment to the stipend to better meet the needs of the beneficiaries.

The potential increase in the stipend reflects the government’s commitment to enhancing support for students and ensuring that financial constraints do not hinder educational pursuits. The exact details and timeline for the proposed increment are yet to be finalized, but this move is expected to provide much-needed relief and support to students across the country.

Further updates on the adjustment to the student loan stipend will be communicated by NELFUND as discussions progress. Students and stakeholders are advised to stay informed through official channels for the latest information and any necessary actions.