Student Loan: NELFUND Announces 14-day Extension For Application For State Varsities 

Student Loan: NELFUND Announces 14-day Extension For Application For State Varsities 

The Nigerian Education Loan Fund management recently announced a 14-day extension for the application process of student loans for state institutions.

This decision came as a result of low data submissions from various state-owned institutions, as communicated by the agency in Abuja.

NELFUND emphasized the importance of state institutions uploading the necessary student data and fee information to its Student Verification System in order to proceed with the loan scheme offered by the Federal Government.

“To date, only a limited number of state-owned institutions have successfully completed the data submission process. These include 20 state universities out of 48; 12 state colleges out of 54 and two state polytechnics out of 49.

“While we acknowledge the efforts of these institutions, the failure to submit data from the remaining state institutions poses significant challenges to ensuring a seamless and accurate verification process for student loan applicants.

“The application window, initially set to open on June 25, 2024, will now commence on July 10, 2024,” the statement read.

The purpose of the extension is to grant state institutions additional time to fulfill the data submission requirements, ensuring that their students can benefit from the student loan program.

It is crucial for institutions to provide complete and accurate information to facilitate a smooth and error-free application process.

Required information includes details such as Joint Admissions Matriculation Board numbers, matriculation numbers, admission numbers, full names, levels, faculties, departments, program durations, fees, and genders of eligible students.

Failure to submit correct and complete data may lead to application delays and potential disqualification for affected students.

NELFUND encourages all state institutions to expedite their data submission processes, ensuring the accuracy and completeness of the information provided.