This is to inform the general public that the Federal Government doesn't postpone student loans. However, NELFUND only postponed the application for all the State-owned Institutions to upload their student's data on the Fund portal as they don't meet the body's expected timeframe.
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Due to "low data submissions," the Management of the Nigerian Education Loan Fund said on Tuesday in Abuja that the student loan application procedure for state universities would be delayed by 14 days.
According to the Fund, the decision was made because several state-owned universities neglected to upload the necessary fee and student information to the NELFUND Student Verification System.
Only a small percentage of state-owned institutions have finished the data submission process effectively thus far. Among them are 12 state colleges, 20 state universities, and 2 state polytechnics out of 49.
"While we appreciate these institutions' efforts, there are substantial obstacles in the way of guaranteeing a smooth and accurate verification procedure for student loan applicants due to the non-submission of data from the remaining state institutions.
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"July 10, 2024, will now be the start date of the application window, which was originally scheduled to open on June 25, 2024."
According to the Fund, the extension will give state universities more time to meet the standards for data submission and guarantee that their students can take advantage of the federal government's student loan program.
This covers all eligible students' JAMB, matriculation, and admission numbers as well as their complete names, program length, faculties, departments, costs, and gender. Students who submit inaccurate or incomplete data may face delays in processing their applications and might be disqualified.
The fund requested that all state entities confirm the accuracy of the data they submit and speed up their data submission procedures.
The warning went on to say that schools that miss the new deadline run the risk of losing out to their students, who rely on these loans to pay for their education.
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