Nigerian Education Loan Fund (NELFUND) has recently provided multiple ways to reach them.
The new channels are:
- Nelfund official X handle
- University of Ibadan Nelfund Support Desk
- An assigned email: ugportal@stu.ui.edu.ng
- An assigned phone number(WhatsApp): +234-806-058-8180
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What you should know about NELFUND
The Nigerian Education Loan Fund is set up by the Federal Government of Nigeria to finance Student loans. The director of Nelfund is Akintude Sawyerr.
The Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024, was signed into law by President Bola Tinubu last month on the condition that no student, regardless of background, would be denied the chance to create his future.
The Act gives the Nigeria Education Loan Fund the authority to lend money to eligible Nigerian students to cover their tuition, fees, charges, and living expenses while they are enrolled in accredited public postsecondary institutions as well as establishments for skill development and vocational training across the nation.
The Act gives the Nigeria Education Loan Fund the authority to lend money to eligible Nigerian students to cover their tuition, fees, charges, and living expenses while they are enrolled in accredited public postsecondary institutions as well as establishments for skill development and vocational training across the nation.
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FAQs on NELFUND Student loan by the Federal Government
How does NELFUNDS work?
This is a loan that would cover the cost of institutional charges and the upkeep of the student if required. The way it works is that the institutional charge would be remitted directly to the applicant’s institution and the upkeep will be paid to the applicant on a monthly installment basis.Has NELFUNDS started disbursement?
Yes, NELFUNDS has started the disbursement of funds as the academic sessions of universities have begun. Some government-ru institutions have been approved for the disbursement of NELFUNDS.What is the minimum payment for student loans?
The Nigerian Education Loan Fund [NELFUNDS] is currently disbursing N20,000 to each student in a government-run institution as monthly stipends.
Tags
Students Loans