Student Loans

The NELFUND funding strategy will not depend on proceeds of crime as a permanent source of money for Nigeria’s student loan programme. Managing Director of the Nigerian Education Loan Fund (NELFUND), Mr Akintunde Sawyerr, said…

NELFUND student funding may have reached some students without their parents knowing, according to Finance and Coordinating Minister of the Economy Taiwo Oyedele. Oyedele made the comment during a media briefing in Abuja after a…

The Federal Executive Council (FEC) has directed that legally recovered looted funds held by the EFCC be transferred to NELFUND to support student loans. Minister of Education Tunji Alausa announced the decision on Wednesday, August 19,…

The Nigerian Education Loan Fund (NELFUND) has disbursed more than N303 billion to about 850,000 Nigerian students within two years, strengthening access to tertiary education across the country. The NELFUND loan scheme has recorded more…

The Nigerian Education Loan Fund (NELFUND) has warned tertiary institutions against delaying or refusing student loan refunds for students who paid their tuition before loan disbursements were made. In a statement issued by its Director…

NELFUND beneficiaries are facing delays in receiving monthly upkeep payments after a technical issue affected the agency’s disbursement system. Thousands of students benefiting from the Nigerian Education Loan Fund (NELFUND) have been…

Nigeria’s student loan scheme could soon reach seven million beneficiaries as lawmakers and education stakeholders push for a significant expansion. The National Assembly (NASS) and the Nigerian Education Loan Fund (NELFUND) have agreed…