Only students from federal government institutions can apply, with those from state institutions joining later.
Earlier this week, NELFund’s Managing Director, Mr. Akintunde Sawyerr, explained that applicants need an admission letter from the Joint Admissions and Matriculation Board (JAMB), a National Identity Number (NIN), a Bank Verification Number (BVN), and some personal and academic details.
He said that the loan targets 1.2 million students in public tertiary institutions, providing financial help for fees and stipends.
“The NELFUND Student Loan Application Portal is now LIVE! Apply today to secure the financial support you need for your education. Visit http://nelf.gov.ng to get started,” NELFUND disclosed this in a post on Friday.
Approved applicants will receive their loans within 30 days.
The student loan policy, initiated by President Bola Tinubu in June 2023, aims to provide interest-free loans to students.
Though it was delayed from its original October 2023 start, it officially began accepting applications on May 24, 2024.
KanyiDaily recalls that in June 2023, President Bola Tinubu signed Student Loan Bill into law for Nigerian students.
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