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    Tuesday, June 25, 2024

    Nigerian Education Loan Fund Postpones Applications From State-Owned Institutions

    The Management of Nigerian Education Loan Fund  has postponed  the application process for student loan for state institutions.

    The Fund said it took the decision because  many state-owned institutions were yet to upload the required student data and fee information to the NELFUND Student Verification System.

    It said: “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.”

    Howeer, NELFUND emphasised the importance of providing complete and accurate information, including JAMB numbers, matriculation numbers, admission details, full names, academic levels, faculties, departments, program durations, fees, and gender of eligible students. Incomplete or incorrect data submissions may lead to application delays or disqualification for affected students.

    The fund urged all state institutions to expedite their data submission processes and ensure information accuracy. 

    It cautioned that institutions failing to meet the revised deadline risk disadvantaging their students who rely on these loans for educational support.

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