NELFUND postpones student loan application for state institutions by two weeks

The Nigerian Education Loan Fund (NELFUND) has postponed the application process for student loans for state institutions by 14 days, citing low data submissions from state-owned institutions.

This was contained in a statement on Tuesday.

According to NELFUND, only a limited number of state-owned institutions have submitted the required student data and fee information, posing challenges to the verification process.

“To date, only a limited number of state-owned institutions have successfully completed the data submission process. These include 20 state universities out of 48, 12 state colleges out of 54, and 2 state polytechnics out of 49.

“While we acknowledge the efforts of these institutions, the failure to submit data from the remaining state institutions poses significant challenges to ensuring a seamless and accurate verification process for student loan applicants.

“The application window, initially set to open on June 25, 2024, will now commence on July 10, 2024.”

The fund urged state institutions to expedite their data submission processes and ensure accuracy, warning that incomplete or incorrect submissions may result in application delays and disqualification.