Students loan application portal goes live

Screenshot 2023 12 01 at 8.48.48 AM

The Nigerian Education Loan Fund (NELFUND) has opened the application portal for the first phase of the student loan scheme, for students from federal institutions across the country.

The loan website which became active in the early hours of Friday had the scheme’s pilot phase opened to students of federal tertiary institutions.

Recall President Bola Tinubu enacted an initial version of the student loan policy in June 2023 to grant interest-free loans to students.

The scheme, which was supposed to have taken off in October 2023, was deferred until a re-enactment in April 2024.

However, NELFUND finally scheduled the opening of the loan application and issuance portal for May 24, which is now in operation.

Meanwhile, the Media and Public Relations Lead of NELFUND, Mr Nasir Ayitogo, has released the step by step application for the loan.