In a highly anticipated move, the Federal Government has announced the launch of the NELFUND Student Loan Application Portal, set to go live on May 24, 2024.

    This comes eight months after an initial announcement in September 2023, where the government cited logistical challenges as the reason for the delay in the commencement of the student loan program. The wait is now over as the portal is ready to support students in need of financial aid for their education.

    On May 17, 2024, the Federal Government made the exciting announcement, marking May 24, 2024, as the official launch date for the NELFUND Student Loan Application Portal. This development is expected to ease the financial burden on students across the country.

    President Bola Tinubu emphasized the government’s commitment to education, stating, “This initiative is designed to ensure that every Nigerian student has the opportunity to pursue higher education without financial constraints.”

    the president added “We are here because we are all educated and were helped. In the past, we have seen a lot of our children drop out of college and give up the opportunity. That is no more, the standard and the control is there for you to apply no matter who you are as long as you are a Nigerian citizen.”

    The NELFUND program, spearheaded by the Nigerian Education Loan Fund (NELFUND), aims to provide accessible and sustainable financial support to students. According to NELFUND Managing Director/CEO Mr. Akintunde Sawyerr , the loan application process is designed to be user-friendly and straightforward.

    To access the loan, students must visit the official NELFUND website and follow the application guidelines provided on the portal.

    Application process

    Applicants are required to provide necessary documentation, including proof of admission into a recognized higher education institution, a valid means of identification, and financial statements demonstrating the need for financial assistance. The portal will offer a step-by-step guide to ensure a smooth application process.

    The launch of the NELFUND Student Loan Application Portal is a significant step towards reducing educational inequality and empowering the youth of Nigeria. By making higher education more accessible, the Federal Government and NELFUND are working together to invest in the future of the nation.

    Stay tune with for More update on student loan in nigeria