No South-East institutions responded to students verification request– NELFUND – Newstrends
Connect with us

Education

No South-East institutions responded to students verification request– NELFUND

Published

on

Managing Director of NELFUND, Akintunde Sawyerr

No South-East institutions responded to students verification request – NELFUND

The Nigerian Education Loan Fund (NELFUND) has clarified why students from South-East higher institutions have yet to benefit from the student loans being disbursed by the agency.

According to NELFUND, no higher institution in the South-East has responded to its request for student verification, which is a crucial step in the loan disbursement process.

This explanation comes in response to allegations that the South-East was intentionally excluded from the student loan program initiated under President Bola Tinubu’s administration. The criticism followed the publication of a list of 19 institutions that have so far received loans.

As of Friday, NELFUND has disbursed a total of N2.9 billion in loans to 27,667 students from 19 federal universities, polytechnics, and colleges of education. However, no institutions from the South-East were included.

Responding to the concerns, NELFUND emphasized: “Geopolitical zones do not influence the disbursement of these loans. We have sent verification requests to all eligible institutions. Disbursements are being made to those that have completed the verification process. Unfortunately, no institution in the South-East has responded to our verification request. We encourage them to do so promptly to enable their students to benefit from this scheme.”

Meanwhile, NELFUND’s Managing Director/CEO, Mr. Akintunde Sawyerr, has urged Nigerian students to take full advantage of the Student Loan Scheme, describing it as a groundbreaking initiative designed to make higher education accessible to everyone, regardless of their financial situation.

READ ALSO:

Speaking during a Student Loan Sensitization Program organized by the National Association of Nigerian Students (NANS) in Port Harcourt, Mr. Sawyerr emphasized that the loan scheme is more than just financial aid—it is an investment in the future of Nigerian students, giving them the opportunity to pursue higher education without being hindered by financial burdens.

Mr. Sawyerr provided insights into the loan scheme, explaining that it covers both tuition and living expenses, with repayment terms designed to be fair and manageable. He also reassured students that loan repayment would only commence two years after completing their National Youth Service Corps (NYSC), and only if they have secured employment or started a business.

Addressing concerns about delays in the disbursement process, Mr. Sawyerr acknowledged the challenges but assured students that efforts are being made to streamline the system for greater efficiency.

He encouraged students to be patient and ensure that their loan applications are complete and accurate to avoid unnecessary delays.

The revised Student Loan Act of 2024 was enacted to make higher education more accessible to all Nigerian students, irrespective of their financial background. This legislation aims to remove the financial barriers that often prevent students from continuing their education.

The Act stipulates that NELFUND will receive funding from various sources, including a small percentage of taxes and duties collected by key government agencies such as the Federal Inland Revenue Service, the Nigerian Immigration Service, and the Nigerian Customs Service. Additionally, the fund will be bolstered by profits from the government’s natural resource activities, the issuance of education bonds, and contributions from individuals and organizations.

No South-East institutions responded to request students verification – NELFUND

Education

US University opens 2025 scholarships for international students

Published

on

US University opens 2025 scholarships for international students

Montana Technological University (Montana Tech) has opened applications for its 2025 scholarships, offering international students the opportunity to pursue graduate studies in the USA.

These scholarships, available for both Master’s (MS) and PhD students, provide a tuition waiver and a competitive stipend for living expenses.

Scholarship overview and opportunities 

Scholarship Region reports that Montana Technological University is offering funded Graduate Research Assistantships (GRAs) for Fall 2025. These assistantships are available for students applying to the MS and PhD programs, and they provide an opportunity to work alongside faculty on important research projects.

The university is focusing on key research areas such as advanced materials and manufacturing, critical mineral recovery and processing, environmental remediation, and biotechnology. Interested applicants are encouraged to apply soon to contribute to these cutting-edge fields.

Eligibility requirements 

To apply for the Montana Tech University Scholarship 2025, candidates must meet several criteria.

  • Applicants should have completed a bachelor’s degree from a recognized university.
  • They must also meet the admission requirements for the program they wish to apply to and satisfy the English language proficiency requirements set by the university.
  • Additionally, applicants must submit their applications for admission by January 1st to be considered for the scholarship.

READ ALSO:

Benefits for scholarship winners 

Students who are accepted into the MS or PhD programs at Montana Tech and are awarded a Graduate Research Assistantship will receive significant benefits. These include a

  • Tuition waiver and a competitive stipend to cover living expenses.
  • All applicants to available graduate programs will automatically be considered for the assistantships.

Required documents for application 

Details inform that candidates applying for the Montana Technological University Scholarship must prepare several documents as part of the application process. Required documents include the;

  • Application form,
  • A personal statement,
  • A CV, recommendation letters,
  • TOEFL or IELTS scores, GRE scores, and official academic transcripts.

These documents as mentioned, are crucial for the admissions review and scholarship consideration.

Step-by-step application process 

To apply for the scholarship, candidates are informed to first visit the graduate research fields page on Montana Tech’s Graduate School website. From there, they can apply for openings in the available research areas and complete the application form.

All required documents must be uploaded as part of the application. For more details and guidance, prospective students can contact the Montana Tech Graduate School at [email protected], where they will be connected with a faculty member leading a funded project.

 

US University opens 2025 scholarships for international students

Continue Reading

Education

Canadian university offers funded national scholarship program for 2025

Published

on

Canadian university offers funded national scholarship program for 2025

Western University has announced that applications are now open for the National Scholarship Program for the 2025-2026 academic year.

The opportunity offers funding to outstanding students with a proven track record of academic excellence, leadership, and community involvement.

According to Western University, the deadline for applications is February 14th, 2025.

Details of the program and eligibility 

The National Scholarship Program is aimed at Canadian citizens and permanent residents, as well as international students meeting specific criteria. International students who are not Canadian citizens or permanent residents are eligible for the International President’s Entrance Scholarship.

Details inform that applicants must have an overall academic average of 90% or higher from their Grade 12 courses (or equivalent) and must apply for full-time studies at Western University’s main campus. Students must also be nominated by their high school.

Scholarship opportunities and amounts 

The program offers various scholarship opportunities based on academic achievement and extracurricular involvement.

  • The Neen Hodgins National Entrance Scholarship awards $80,000 over four years, while,
  • President’s Entrance Scholarships range from $50,000 to $70,000, depending on the amount of funding available.
  • For black students, the James Jenkins President’s Entrance Scholarship offers $50,000, and the Beryl Ivey Continuing Entrance Scholarship provides $92,000 over four years.

READ ALSO:

International students have access to scholarships such as the Neen Hodgins President’s International Entrance Scholarship, valued at up to $80,000. Other awards include the Faculty Entrance Scholarships, valued at $30,000, and the National Merit Awards, which provide $2,000 for students who are interviewed but not selected for a National Scholarship or a Schulich Leader Scholarship.

Application requirements 

Applicants must submit a variety of materials, including a completed online application, a transcript from their school, and a reference letter from a teacher or staff member who is familiar with their academic and extracurricular achievements.

Additionally, applicants are required to write a 1,000-1,250 word essay on an issue of public concern. The essay, along with other supporting documents, must be submitted by the February 14th, 2025, deadline.

Nomination and assessor process 

The institution informs that in order to be considered for the National Scholarship Program, students must be nominated by their school. The application includes a “Nomination Request Form,” which is sent to the school administrator once completed.

Students are told to ensure that they follow up with their school to confirm that their nomination and transcript are submitted on time. Additionally, students must request one reference letter from a teacher or staff member who can assess their academic performance and involvement in extracurricular activities.

How to apply 

To apply, students need to access the National Scholarship application through the online portal, using their OUAC reference number and date of birth.

  • Western University advises that there may be a delay between submitting the admission application and being able to access the scholarship application, with a minimum wait time of five business days.
  • Once available, students can complete the application and submit all required documents before the assigned deadline.

For further details on how to apply, visit the Western University National Scholarship application portal.

 

Canadian university offers funded national scholarship program for 2025

Continue Reading

Education

Student loan: More applicants hopeful as NELFUND credits accounts

Published

on

Managing Director of NELFUND, Akintunde Sawyerr

Student loan: More applicants hopeful as NELFUND credits accounts

More students across several tertiary institutions in Nigeria are optimistic of benefiting from the next batch of disbursements of the Nigerian Education Loan Fund (NELFUND), Weekend Trust gathered.

The NELFUND, established by the Students Loan Act 2023 is managed and administered by the Central Bank of Nigeria (CBN) through the money deposit banks. It aims to facilitate the mobilisation of funds to provide interest-free loans to students of tertiary institutions.

Beneficiaries are expected to begin a repayment process of 10% of their salary to be deducted at source two years after the completion of the National Youth Service Corps (NYSC), while self-employed beneficiaries are required to remit the same of their monthly profit.

Established by the President Bola Ahmed Tinubu administration as a means of providing financial support to students for tertiary education, the management of NELFUND said it has so far disbursed N11,047,793,949.80 billion to 105,764 beneficiaries across 98 federal and state tertiary institutions.

The disbursement of funds is made directly to the institutions bank accounts while successful applicants are entitled to a monthly stipend of N20,000 for upkeep if they so wish.

READ ALSO:

Weekend Trust reports that in August, the NELFUND had released data that showed significant regional disparities in the registration, application and disbursement of funds with the South-east recording the lowest figure.

Netizens on X had accused NELFUND of neglecting universities in the South-east but the Fund refuted the claim, saying the management of tertiary institutions in the South-east had failed to respond to verification requests forwarded to them.

North-west leads in disbursement, South-west in institutions

The latest data released by NELFUND on November 7, shows that the South-west has the highest number of beneficiary institutions with 27 currently getting disbursements. This is followed by the North-west which has 18 institutions while the North-east has 16 and the South-south has 15 institutions. The North-central and South-east have 11 institutions each.

On the number of students by zone, the North-west has the highest number of students with 43,378 followed by North-east with 28, 782 and the South-west with 12,539. The North-central has 11,555 beneficiaries while the South-south has 5,837 and South-east has 4,073.

The breakdown of the funding by zones, also shows that the highest of N4,424,024,250 billion was paid to the 18 institutions in the North-west, followed by the16 institutions in the North-east which got N2,544,223,937 billion, then the 27 institutions in the South-west received N1,842,876,713billion. The 11 institutions in the North-central got N1,099,808,700 billion, while the15 in the South-south got N597,250,030 million and the 11 institutions in the South-east received 539,610,320 million.

 

Student loan: More applicants hopeful as NELFUND credits accounts

DAILY TRUST

Continue Reading

Trending