Student Loan Application For State-Owned Institutions Postponed For Two Weeks - NELFUND
The Management of Nigerian Education Loan Fund (NELFUND) today, Tuesday June 25th, announced a two weeks postponement of the student loan application process for student loan for state-owned institutions due” to low data submissions,” a statement by NELFUND said in Abuja.
NELFUND said the decision was necessitated by the failure of several state-owned institutions to upload the required student information and fee information to the NELFUND Student Verification System.
“To date, only a limited number of state-owned institutions have successfully completed the data submission process. These include twenty state universities out of forty eight, twelve state colleges out of fifty four, and two state polytechnics out of forty nine.
“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.”
NELFUND said the extension will provide additional time for state institutions to comply with the data submission requirements and ensure their students can benefit from the Federal Government student loan scheme.
To foster an efficient and error-free student loan application process, it is crucial that all state institutions provide complete and accurate information.
This includes JAMB numbers, matriculation numbers, admission numbers, full names, level, faculties, departments, duration of program, fees, and gender of all eligible students.
Incomplete or incorrect data submissions will result in student loan application delays and potential disqualification for affected students.
NELFUND urged all state institutions to speed up their data submission processes and ensure the accuracy of the data provided.
NELFUND further warned that state-owned institutions that fail to meet the revised deadline risk disadvantaging their students, who depend on these student loans to support their education.
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