student loan
BREAKING: NELFUND postpones student loan application for state varsities
The Management of the Nigerian Education Loan Fund (NELFUND) announced on Tuesday a 14-day postponement of the student loan application process for state institutions due to “low data submissions.”
The delay is caused by several state-owned institutions not uploading the required student data and fee information to the NELFUND Student Verification System.
According to a statement by NELFUND in Abuja, only a limited number of state-owned institutions have completed the data submission process: 20 out of 48 state universities, 12 out of 54 state colleges, and 2 out of 49 state polytechnics.
This insufficient data submission poses significant challenges to ensuring a seamless and accurate verification process for student loan applicants.
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The application window, originally set to open on June 25, 2024, will now commence on July 10, 2024. The extension is intended to provide additional time for state institutions to comply with the data submission requirements, ensuring that their students can benefit from the Federal Government’s 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, program duration, fees, and the gender of all eligible students.
Incomplete or incorrect data submissions will result in application delays and potential disqualification for affected students.
The fund urged all state institutions to expedite their data submission processes and ensure the accuracy of the information provided. Institutions that fail to meet the revised deadline risk disadvantaging their students, who depend on these loans to support their education.
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