Students’ loans: NELFUND approves more fund disbursement for UI, 5 others

The Nigerian Education Loan Fund (NELFUND) has announced approval of funds for students from six universities who applied for the loan between May 24 and July 17, 2024, and were ratified as indicated on its loan dashboard.

“Students who applied for the student loan between May 24 and July 17, 2024, and have had their applications approved as indicated on the loan dashboard, are advised to promptly visit their respective institutions to confirm that their tuition fees have been received by the institution,” NELFUND posted on its official X handle.

“For clarity and emphasis, the six institutions are Bayero University Kano, University of Ilorin, University of Benin, University of Ibadan, University of Maiduguri and Federal University Dutsinma.”

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The agency further said following the recent announcement of loan disbursements, it is issuing a notice to students from the six institutions that were part of the recent disbursement cycle.

“Please note that the disbursement of loans is being carried out in batches. Students who applied after the current disbursement window will have their loans processed and disbursed in subsequent batches. NELFUND assures all students that every approved loan will be disbursed transparently and in a timely manner,” the agency stated.

Furthermore, students from institutions not included in the current disbursement cycle, but whose loans have been approved, are also encouraged to exercise patience.

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“Your loans will be disbursed in the upcoming batches, and NELFUND remains committed to ensuring that every eligible student receives their funds.

“We encourage all students to log in to their NELFUND portal to check the status of their application and stay informed about the disbursement process,” it added.

The student loan scheme is one major landmark of the President Bola Tinubu-led administration meant to affirm his quest to reposition education in Nigeria.

President Tinubu signed the access to Higher Education Act into law barely a month after he was sworn in to make available loans to indigent students for the payment of their fees in tertiary institutions across the country.|