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Student loan: NELFUND to release data of Institutions June 24

Student loan: NELFUND to release data of Institutions June 24

The Nigerian Education Loan Fund, NELFUND, has announced that the full list of institutions that have provided student data for upload onto its Student Verification System will be published on June 24, 2024.

A statement by NELFUND’s Head of Media, Nasir Ayitogo says both Federal and State owned institutions will be published to prove the transparency of the scheme.

The statement revealed that that many federal institutions, who had completed the exercise has been the first wave, whilst the process of uploading the data to NELFUND SVS is currently ongoing for the state-owned institutions.

NELFUND noted that for applicants to be able to access the fund, the individual’s details must feature in the institution’s submitted data set sent to the NELFUND SVS, where automatic applicant verification can then occur seamlessly.
It explained that failure to have this verification would invalidate the application process and disadvantage applicants saying, it is mandatory that the information provided by the tertiary institutions is not only complete but also accurate,” the statement reads.

President Bola Tinubu, had on April 3, signed the Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024, into law.

The legislation grants authority to the Nigeria Education Loan Fund to offer financial assistance to eligible Nigerian students for educational expenses and living costs while pursuing their studies at accredited public universities and vocational training centres within the nation.

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