PAY ATTENTION: Follow our WhatsApp channel to never miss out on the news that matters to you!
Oseyemi Oluwatuyi, the Fund's Director of Corporate Communications, confirmed this in an interview with PUNCH correspondence on Wednesday.
Oseyemi Oluwatuyi, the Fund's Director of Corporate Communications, confirmed this in an interview with PUNCH correspondence on Wednesday.
CLICK to join the YouTube Channel
for latest updates
In addition to institutional fees, student loan candidates can apply for upkeep loans. While institutional payments are paid directly into the institutions' accounts, upkeep is paid directly into the applicant's account.Currently, each student receives N20,000 monthly.
Related News
- UI'SU reveals why UI student loan applicants portal still showing "NOT YET PAID"
- University of Ibadan, Office of the Registrar finally addressed student loans for UI applicants
- NELFUND release update on monthly upkeep payment schedule - STUDENT LOAN
- Student loan: UI confirms receipt of N201m for 1,370 students, get ready receipts collection coming week
The Fund recently stated that it has provided a monthly stipend of N20,000 to over 20,000 students.
When questioned if the Fund will examine the amount provided in upkeep in light of hard economic realities, he stated, "Certainly, the N20,000 per month is just a starting point; the fund will adjust the stipend from time to time in line with economic realities."
When questioned if the Fund will examine the amount provided in upkeep in light of hard economic realities, he stated, "Certainly, the N20,000 per month is just a starting point; the fund will adjust the stipend from time to time in line with economic realities."
Speaking further about students who sought for student loans but were booted out of examination halls, she stated, "For the students who were sent out of the hall because of school costs, we can't comment on that for the time being because we don't know which semester exams they were taking.
Some students are in their second semester and still anticipate the loan they applied for to cover the current session; it cannot operate that way.
Meanwhile, NELFUND said on Wednesday that 22 additional state-owned higher schools had been approved for participation in the student loan plan.
On Wednesday, the fund made the announcement using its official X Twitter.
"The Nigeria Education Loan Fund has announced that students from the following 22 state-owned postsecondary schools can now apply for loans through its portal: nelf.gov.ng.
Some students are in their second semester and still anticipate the loan they applied for to cover the current session; it cannot operate that way.
"NELFUND will cover 100% of fees for students beginning with their next session (if they are already in the second semester). We will not pay retrospectively."
Meanwhile, NELFUND said on Wednesday that 22 additional state-owned higher schools had been approved for participation in the student loan plan.
On Wednesday, the fund made the announcement using its official X Twitter.
"The Nigeria Education Loan Fund has announced that students from the following 22 state-owned postsecondary schools can now apply for loans through its portal: nelf.gov.ng.