22 more state-owned tertiary schools are now eligible to apply for student loans through the Nigerian Education Loan Fund (NELFUND).
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The NELFUND made this known by its X handle. Students from the following 22 state-owned postsecondary schools can now apply for loans through the Nigeria Education Loan Fund’s website, nelf.gov.ng.
This came after the group in charge of the Student Verification System reviewed it. Before this, 86 state-owned universities were eliminated, making 108 universities in total where students can now submit applications. With the 22 state-owned institutions now on board, there are 108 state institutions that have been accepted overall. President Bola Tinubu’s premier initiative in the field of education is the rollout of the student loan program.
Remember that less than a month after taking office, Tinubu signed the Access to Higher Education Act, establishing a legal framework for lending money to low-income or destitute Nigerians to help them pay for their tuition at tertiary education institutions in that country.
This law established the Nigerian Education Loan Fund and was reenacted earlier this year. The burden of managing all loan requests, awards, payouts, and recovery falls on NELFUND.
