The Nigerian Education Loan Fund (NELFUND) announced a 14-day delay in the student loan application process for state institutions due to low data submissions. Originally set to start on June 25, 2024, the application window will now open on July 10, 2024.
Many state institutions have not uploaded the required student data and fees information to the NELFUND Student Verification System (SVS). Only 20 out of 48 state universities, 12 out of 54 state colleges, and 2 out of 49 state polytechnics have completed the data submission process.
NELFUND stressed the importance of complete and accurate data to ensure a smooth verification process for student loan applicants. Nasir Ayitogo, Head of Media and Public Relations for NELFUND said, “Incomplete or incorrect data submissions will result in application delays and potential disqualification for affected students.”
Related Stories
- EFCC Clarifies N50 Billion Transfer to Nigerian Education Loan Fund, Not a Donation
- Nigerian Government to Disburse N35 Billion in Student Loans to 70,000 Applicants
State institutions need to provide JAMB numbers, matriculation numbers, admission numbers, full names, levels, faculties, departments, program duration, fees, and genders of all eligible students.
Ayitogo urged institutions to expedite their data submission processes and warned that failing to meet the revised deadline could disadvantage their students. “Institutions that fail to meet the revised deadline risk disadvantaging their students, who depend on these loans to support their education,” he said.
NELFUND appreciates the cooperation of institutions that have already completed their submissions and encourages others to do so promptly.