The Management of Nigerian Education Loan Fund (NELFUND) has announced a 14-day postponement of the application process for student loan for state institutions.
This, according to a statement by the agency is due to “low data submission”.
“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.”
The Fund stated that the extension will allow more time for state institutions to meet the data submission requirements, ensuring their students can benefit from the Federal Government’s student loan scheme.
This includes JAMB numbers, matriculation numbers, admission numbers, full names, level, faculties, departments, program duration, fees, and gender of all eligible students.
Incomplete or incorrect data submissions will cause application delays and may lead to the disqualification of affected students.
The Fund urged all state institutions to expedite their data submission processes and ensure the accuracy of the information provided.
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