The Nigerian Education Loan Fund (NELFUND), has announced a 14-day postponement of the application process for student loans for state institutions. According to NELFUND, the postponement was due to low data submissions from state-owned institutions.
According to an official statement by Nasir Ayitogo, the Head, Media and Public Relations, on Tuesday, the decision was necessitated by the failure of several state-owned institutions, to upload the required student data and fee information to the NELFUND Student Verification System (SVS).
To date, only a few state-owned institutions have 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.
The application, initially set to open on June 25, 2024, will now commence on July 10, 2024.
The extension will provide additional time for defaulting institutions to comply with the data submission requirements, and ensure their students can benefit from the Federal Government student loan scheme.