Student Loan Application To Open For State-owned Institutions In June

The student loan scheme will be open to state-owned tertiary institutions in three weeks.

Addressing a press conference on Thursday, May 30, Akintunde Sawyerr, Managing Director of Nigerian Education Loan Fund (NELFUND), said the fund aims to start receiving applications on June 25.

However, Mr Sawyerr added that the date remains tentative due to factors like data upload by institutions.

In his words:

“We will commence accepting applications from students attending state-owned tertiary institutions in three weeks time. We request all state institutions to submit their students data immediately in order to facilitate a smooth and seamless application process.”

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The Nigerian Education Loan Fund had earlier said it has received over 60,000 applications from students of federal government institutions since it launched the students loan application portal.

NELFUND disclosed that 30,000 of those applications have been successfully processed.

NELFUND also said so far, 90 percent of federal universities have submitted their students’ data to its dashboard, adding that 10 percent of federal institutions were yet to submit theirs.

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The students loan agency declared that its portal for submission of data from state owned tertiary institutions begins in three weeks.

To this end, it appealed to state institutions to begin submission of data of their students for onward processing.