Student loan: More applicants hopeful as NELFUND credits accounts – Newstrends
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Student loan: More applicants hopeful as NELFUND credits accounts

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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.

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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

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Education

Canadian province opens 2025 government internship programs for international students

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Canadian province opens 2025 government internship programs for international students

The Government of Prince Edward Island (PEI), a Canadian province, is inviting applications for its 2025 Internship Program.

This opportunity allows international students and recent graduates to gain experience working within the provincial government.

The internship program, which is a one-year temporary job assignment, offers participants the chance to build skills and gain professional experience in various PEI government departments.

According to the Prince Edward Island, the program also provides access to workshops, networking events, and other professional development resources to help interns grow in their careers.

The PEI internship program is set to begin in May 2025 and runs for one year. Interns will have the opportunity to work in multiple government departments, participating in workshops and professional development activities. These include career planning, conflict management, emotional intelligence, and training on equity, diversity, and inclusion (EDI), as well as anti-racism in the workplace.

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Additionally, the program provides a platform for;

  • Networking,
  • Helping interns to connect with government professionals and
  • Build valuable relationships within the public service sector.
  • Interns will also receive support to help them understand eligibility for government jobs and navigate potential future opportunities in the public service.

Eligibility and application requirements 

To be eligible for the program, applicants must have completed a;

Post-secondary program within the past 36 months. Additionally,

  • Candidates should be Canadian citizens, permanent residents, or eligible for a Canadian work permit.
  • International students who meet these requirements are encouraged to apply.

Applications are currently being accepted, and interested candidates must submit their applications through the official PEI Internship Program Portal.

Interviews for shortlisted candidates will be held on March 4th and 5th, 2025. The internship program will begin in May 2025.

How to apply and important dates 

Applicants can apply online through the official PEI Internship Program Portal.

Additional details, including position descriptions and participating departments, are available on the official website of the Government of PEI.

 

Canadian province opens 2025 government internship programs for international students

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Two ex-VCs, JAMB registrar to attend Prof. Ibraheem UNILAG inaugural lecture Wed  

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Two ex-VCs, JAMB registrar to attend Prof. Ibraheem UNILAG historic inaugural lecture Wed  

  • History beckons as Mass Comm alumnus delivers inaugural lecture Wed

History will be made this week Wednesday December 18, 2024 at University of Lagos when an alumnus of the university’s Mass Communication Department, Ismail Adegboyega Ibrahim, professor of journalism and communication studies, will deliver inaugural lecture as a lecturer of the department.

Ibraheem, a 1990 graduate of the university, returned to the institution in 2011 as a lecturer.

It is the first time a former student of the department will be delivering an inaugural lecture 58 years after its establishment.

Ibraheem, director of International Relations, Partnerships and Prospects at the UNILAG, will speak on “Casino Journalism and the End of History.”

The university’s Vice-Chancellor, Professor Folasade Ogunsola, will chair the event, according to a statement from the institution.

Two former vice-chancellors of the university, Professor Rahamon Bello and Professor Oluwatoyin Ogundipe, are expected to grace the lecture along with the Registrar of the Joint Admissions and Matriculation Board (JAMB), Professor Is-haq Oloyede, among others.

The lecture is scheduled for 4pm at the J.F. Ade. Ajayi Auditorium, UNILAG, Akoka.

Members of the University Community and general public are invited to join the lecture physically or virtually via Zoom Meeting ID:862 1255 2361.

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Austria offers scholarship grant for int’l postgraduate, research students

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Austria offers scholarship grant for int’l postgraduate, research students

The Republic of Austria is offering an opportunity for international postgraduate students, PhD candidates, and postdoctoral researchers through the Ernst Mach Scholarship 2025.

Managed by OeAD-GmbH, Austria’s agency for education, this scholarship aims to support talented individuals in advancing their academic and research careers in Austria.

Details of the scholarship program 

According to OeAD, the Ernst Mach Scholarship is open to students and researchers from various academic disciplines. This includes areas such as;

  • Natural sciences
  • Technical sciences
  • Human medicine
  • Health Sciences
  • Agricultural sciences
  • Social sciences
  • Humanities, and arts.

The scholarship provides funding for semester or one-year grants, with research grants lasting from one to nine months, making it accessible to a broad range of applicants.

Benefits of the Ernst Mach scholarship 

The scholarship offers numerous benefits to successful applicants.

  • Recipients will receive a monthly stipend of €1,300 for the duration of their stay in Austria.
  • Accommodation assistance is available, with affordable housing options ranging from €330 to €800 per month.
  • OeAD will also provide administrative support to help applicants find suitable housing.

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Grant holders will receive guidance on obtaining health insurance accepted in Austria, with a cost ranging from €55 to €200 per month. The scholarship also waives tuition fees at public universities, further reducing the financial burden on participants.

A travel subsidy of up to €1,200 is available for applicants from eligible developing countries, with travel invoices required for reimbursement. Moreover, recipients will have the opportunity to build valuable connections with top researchers and institutions in Austria, which can significantly enhance their academic and professional networks.

Eligibility criteria for applicants 

The Ernst Mach Scholarship is open to early-career academics who are passionate about advancing their research. To be eligible, applicants must be;

  • Postgraduate students pursuing a PhD outside Austria or postgraduates and postdoctoral researchers looking to conduct research in Austria.
  • Additionally, postdocs employed at universities outside Austria are also eligible to apply.
  • Applicants must be 35 years old or younger (born on or after October 1st, 1989) and should not have lived, studied, or worked in Austria for more than six months prior to applying.
  • Proficiency in English or German is required to ensure effective communication during the research process.

How to apply for the Ernst Mach Scholarship 

To apply for the Ernst Mach Scholarship 2025, interested individuals must visit the official OeAD-GmbH website.

The application deadline is February 1st, 2025. Applicants should ensure that they meet the eligibility requirements and submit all required documents before the deadline.

 

Austria offers scholarship grant for int’l postgraduate, research students

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