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Tag: NELFUND

featured Finance

NELFUND to end direct tuition payment, begin digital token system

The Nigerian Education Loan Fund has revealed plans to replace its current system of paying tuition fees directly to tertiary institutions with a digital token-based payment system. The move is aimed at eliminating double payments and improving transparency in the disbursement process. The Managing Director of NELFUND, Akintunde Sawyerr, disclosed this during an interview on […]

NELFUND to launch vocational loan scheme in Enugu by July
featured Finance

NELFUND disburses ₦206.29bn loans to 1.16m students

The Nigerian Education Loan Fund has disbursed a total of ₦206.29 billion in student loans to 1,164,222 beneficiaries since the scheme’s launch. This figure was contained in the fund’s Daily Status Report released as of March 9, 2026. Since the application portal opened on May 24, 2024, a total of 1,734,985 students have applied for […]

NELFUND to launch vocational loan scheme in Enugu by July
Finance

NELFUND extends student loan portal amid application surge

The Nigerian Education Loan Fund has announced an extension of its Student Loan Application Portal. This follows a surge in applications resulting from the organisation’s nationwide sensitisation campaign. The extension was granted just days after NELFUND had reminded students that the portal would close on February 27, 2026. Strong appeals from students, institutions, and other […]

NELFUND to launch vocational loan scheme in Enugu by July
Finance

NELFUND extends 2025/2026 student loan deadline to February 27

The Nigerian Education Loan Fund has extended the application deadline for the 2025/2026 academic session to February 27, 2026. The original deadline was January 31, 2026. The extension gives prospective applicants additional time to complete and submit their applications. In a statement released on Thursday in Abuja, NELFUND’s Director of Strategic Communications, Oseyemi Oluwatuyi, explained […]

NELFUND to launch vocational loan scheme in Enugu by July
featured Finance

NELFUND disburses ₦1.326bn to 6,308 UNILAG students

The Nigerian Education Loan Fund has disbursed N1,326,550,000 to the University of Lagos for the 2025/2026 academic session. The funds cover 6,308 eligible UNILAG students who have fulfilled all requirements under the NELFUND student loan programme. Mrs. Oseyemi Oluwatuyi, Director of Strategic Communications at NELFUND, stated that the funds were successfully disbursed to the institution […]

NELFUND to launch vocational loan scheme in Enugu by July
News

NELFund urges Ekiti parents to seize student loan opportunity

The Managing Director of the Nigerian Education Loan Fund, Mr. Akintunde Sawyerr, has taken the sensitisation campaign on the student loan to Ekiti State, charging parents to encourage their children to take full advantage of the opportunity to acquire tertiary education. In a statement made available to newsmen in Abuja on Friday by Omojola Seun-Ojerinde […]

NELFUND to launch vocational loan scheme in Enugu by July
News

NELFUND receives one million applications for student loan scheme

The Nigerian Education Loan Fund has recorded a major breakthrough, announcing that over one million applications had been received on its students loan portal since its official launch on May 24, 2024. This milestone, according to a statement by NELFUND’s Director, Strategic Communications, Mrs. Oseyemi Oluwatuyi, yesterday, “marks a significant step in President Bola Ahmed […]

NELFUND to launch vocational loan scheme in Enugu by July
featured News

NELFUND disburses ₦107.7bn interest-free loan to 581,878 students

The Nigerian Education Loan Fund has announced the disbursement of a total of ₦107.7 billion to 581,878 student beneficiaries across the country, a move already credited with reducing dropout rates and widening access to tertiary education. According to the agency, the total disbursement covered ₦61.3 billion in institutional fees and ₦46.3 billion designated for upkeep […]

NELFUND to launch vocational loan scheme in Enugu by July
News

Over 510,000 students benefit from loan scheme since launch — NELFUND

The Nigerian Education Loan Fund has announced that over 510,000 students have benefited from the Federal Government’s Student Loan Initiative, with a total of ₦99.5 billion disbursed since the scheme’s launch on May 24, 2024. According to the Student Loan Disbursement Daily Status Report released on September 27, 2025, NELFUND has received 835,360 applications since […]

News

NELFUND disburses N57bn in loans to 298,124 students

The Nigerian Education Loan Fund has disbursed approximately N56.85 billion in loans to support tuition fees and provide upkeep allowances for 298,124 students across 198 tertiary institutions nationwide within one year. Launched on May 24, 2024, by President Bola Tinubu’s administration, NELFUND aims to empower Nigerian students by removing financial barriers to higher education. In […]

NELFUND to launch vocational loan scheme in Enugu by July
News

NELFUND to launch vocational loan scheme in Enugu by July

The Nigerian Education Loan Fund has announced plans to extend its student loan scheme to include vocational and skills acquisition centres across the country, with Enugu State selected as the launch point. The rollout is expected to begin between late June and mid-July. The announcement was made during a strategic sensitisation tour in Enugu, attended […]

News

NELFUND addresses concerns over southeast student’s loan exclusion

The Nigerian Education Loan Fund has addressed concerns regarding the absence of students from South-East institutions in its recent loan disbursements. According to NELFUND, no higher education institutions from the South-East have responded to its requests for student verification, which is necessary for loan processing. In response to criticisms following the release of a list […]

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