Edu News

BUK, Unimaid get lion share of 71% as NELFUND releases N2bn for student loan

Fadiran Ifeloluwa August 11, 2024

The Federal government of Nigeria has provided over 20,000 students at six of the nation’s universities with over ₦2 billion in student loans, a significant increase in the accessibility of higher education in the nation. According to Economic Confidential, Bayero University Kano (BUK)

Edu News

FG disburses N2.5 billion tuition fees for 22,120 students in 12 institutions

Fadiran Ifeloluwa August 3, 2024

The Nigerian Education Loan Fund announced it has disbursed more than N2.5 billion in tuition fees to 12 institutions throughout the country. Nasir Ayitogo, the Fund’s spokesman, said in a statement issued Friday in Abuja that the exercise benefited 22,120 students. According to Mr Ayitogo, the gesture was consistent with President Bola Tinubu’s commitment to

Edu News

Student Loan: Kano APC enlightens students on application process and access

Fadiran Ifeloluwa July 24, 2024

The Kano State All Progressives Congress (APC) Students Council has organised a sensitisation workshop on the Nigerian Education Loan Fund to help students comprehend the application and access process. Abdullahi Ganduje, the National Chairman of the All Progressives Congress (APC), was represented by Suleiman Bichi, who emphasised the significance of education and

Edu News

Student loans will be disbursed according to academic calendars — NELFUND

Fadiran Ifeloluwa July 13, 2024

The Nigerian Education Loan Fund has stated that loans applied for under the student loan scheme will be disbursed to applicants per their respective institutions’ academic calendars. Nasir Ayitogo, NELFUND’s Head of Media and Public Relations, confirmed this in an interview with our correspondent in Abuja on Friday. “Funds will be disbursed according to each

Edu News

Osun State Emerges First In NELFUND’s Process

Fadiran Ifeloluwa July 10, 2024

According to the Nigerian Education Loan Fund (NELFUND), Osun State has the highest number of students applying for student loans. Mr. Sawyer Akintude, the Managing Director, made the announcement yesterday in Osogbo during a visit to Governor Ademola Adeleke’s office. He stated, “I can tell you today that Osun State has the highest number of […]

Edu News

NELFUND Lists 36 State-Owned Institutions Qualified for Student Loan

Fadiran Ifeloluwa July 8, 2024

The Nigerian Education Loan Fund (NELFUND) has announced that 36 state-owned tertiary institutions have signed up for the student loan scheme. It was also highlighted that students from the universities can now apply for the loan effective July 7, 2024. NELFUND announced this on Sunday through their official X handle (formerly Twit­ter). The tweet reads, […]

Edu News

NELFUND Postpones Student Loan Applications for State-owned Institutions

Fadiran Ifeloluwa June 25, 2024

The Nigerian Education Loan Fund (NELFUND) has announced a 14-day extension for the student loan application procedure for state universities, citing low data submission rates. Several state-owned schools failed to upload required student data and fee information to the NELFUND Student Verification System, prompting the decision. According to a statement issued in Abuja on

Edu News

137 federal institutions subscribed to student loan, says NELFUND

Fadiran Ifeloluwa June 18, 2024

According to data from the NELFUND website revealed on Monday, 137 institutions across the country have now subscribed to the Nigerian Education Loan Fund. The data did not include the names of the collaborating institutions, nor did it clarify whether they are federal or state-controlled. In its data insight section, it merely stated, “137 collaborating with […]

Edu News

Student Loan: NELFUND states that all technical issues on site are fixed; invites students to reapply

Fadiran Ifeloluwa June 18, 2024

The management of the Nigerian Education Loan Fund (NELFUND) has recommended applicants experiencing difficulties to reapply for the student loan, stating that all technical issues with the website have been fixed. NELFUND made this announcement on their X (previously Twitter) account on Monday. NELFUND, the organisation in charge of the student loan scheme, stated

Edu News

State-owned institution students’ to begin loan application June 25 – NELFUND

Fadiran Ifeloluwa May 31, 2024

Over 60,000 students from Federal universities have registered for the student loan since the application portal launched last Friday. The Fund also announced that the portal would be open for applications from students at state-owned tertiary institutions on June 25th, 2024. Akintunde Sawyerr, the Fund’s Managing Director/Chief Executive Officer, disclosed

Edu News

30,000 have successfully registered for student loans – FG

Fadiran Ifeloluwa May 31, 2024

The Nigerian Education Loan Fund (NELFUND) reports that 30,000 students have successfully enrolled for the student loan scheme, with over 60,000 individuals registering on the fund’s website. Akintunde Sawyerr, NELFUND Managing Director, announced this during a press briefing in Abuja on Thursday. On June 12, 2023, President Bola Tinubu signed the Access to Higher

Edu News

ASUU: Students loan is a ploy to enslave Nigerian students

Fadiran Ifeloluwa May 28, 2024

The Academic Staff Union of Universities, Calabar Zone, has condemned the Federal Government’s planned Student Education Loan, calling it a ploy to enslave Nigerian students and keep them in debt to the country forever. Dr. Happiness Uduk, Zonal Chairperson of ASUU, spoke at a press conference in Uyo, Akwa Ibom State capital, on Monday. She expressed […]

Edu News

NELFUND responds to complaints about the student loan portal hours after its launch

Fadiran Ifeloluwa May 25, 2024

The Nigerian Education Loan Fund (NELFUND) has addressed recent complaints from students experiencing difficulties applying on the Student Loan Application portal. The organisation tackled some of these concerns collectively as follows: The loan website, which went live early Friday, is now accessible for students of federal tertiary institutions as part of the scheme’s

Edu News

Only students of federal institutions will receive student loans for now — FG.

Fadiran Ifeloluwa May 21, 2024

The federal government has announced that the student loan scheme will only be available to applicants from federal universities, as the program will be executed in phases. This was announced on Monday by Akintunde Sawyerr, managing director of the Nigeria Education Loan Fund (NELFUND), during a conference in Abuja. “We will soon begin a programme […]

Edu News

FG should address unemployment given that student loans will boost enrollment—Bowen VC

Fadiran Ifeloluwa April 21, 2024

Professor Jonathan Babalola, Vice Chancellor of Bowen University in Iwo, Osun State, has asked the Federal Government to create measures to combat the surge in unemployment, since student loans will enhance student enrollment in schools. Babalola, addressing at the school entrepreneurship week, stated that many of his institution’s students are supporting themselves

Edu News

Ododo hails Tinubu for signing Student Loan

max Amuchie April 4, 2024

LOKOJA Sundiata post ) Gov. Usman Ododo of Kogi, has commended Bola Tinubu for assenting to the Nigeria Student Loan Act, which establishes the Nigeria Education Loan Fund (NELFUND). Reports that Tinubu, on Wednesday, signed the Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024, into law. This comes after separate considerations […]

Tertiary institutions

Student Loan: FG To Begin Pilot Scheme With Public Institutions

max Amuchie April 4, 2024

ABUJA (Sundiata post) – The Tinubu-led Federal Government has announced that it would begin a pilot phase of the student loan scheme with applicants from public tertiary institutions across the country. The spokesman for the Nigerian Education Loan Fund, Nasir Ayitogo, made this known on Wednesday hours after President Bola Tinubu signed the amended Student […]

Edu News

Priority must be given to scholarships to make student loans work – Don

Fadiran Ifeloluwa January 2, 2024

In order to ensure the success of its student loan programme, the Federal Government has been encouraged to give priority to student scholarships. At the 10-day 113th Islamic Vacation Course (IVC), which was sponsored by the Muslim Students Society of Nigeria, Lagos State Area Unit, the Deputy Rector of Academics at Yaba College of Technology, […]