The Nigerian Education Loan Fund (NELFUND) has announced a 14-day postponement of the application process for student loans for state-owned institutions. The initial application window, scheduled to open on June 25, 2024, will now commence on July 10, 2024.
According to a statement by the Head, Media and Public Relations, Nasir Ayitogo, the postponement is due to the failure of several state-owned institutions to upload required student data and fee information to the NELFUND Student Verification System (SVS). As of the date, only a limited number of state-owned institutions have completed the data submission process, including 20 state universities out of 48, 12 state colleges out of 54, and 2 state polytechnics out of 49.
The extension is aimed at providing additional time for state institutions to comply with the data submission requirements, ensuring their students can benefit from the Federal Government student loan scheme. NELFUND emphasized the importance of complete and accurate information, warning that incomplete or incorrect data submissions will result in application delays and potential disqualification for affected students.
The fund urged all state institutions to expedite their data submission processes and ensure the accuracy of the information provided, warning that institutions that fail to meet the revised deadline risk disadvantaging their students.
