The Nigerian Education Loan Fund has announced that it is making efforts to link its website with the portals of educational institutions to facilitate easier verification processes.
Mustapha Iyal, the Executive Director of Operations at the Fund, shared this information during a sensitization event held at the University of Ilorin for higher education institutions in Kwara State on Tuesday.
Iyal explained that this initiative aims to simplify the verification for those applying for student loans.
He elaborated, "We have noticed that one of the challenges we face is verification issues. Therefore, what NELFUND is aiming to do is connect directly with the institutions by integrating NELFUND’s operations into their portals. This way, when a student registers at their institution, they can choose to pay through NELFUND, cash, or other methods.
If a student decides to use NELFUND for payment, they will complete an application using their information already available on the institution's portal, eliminating the need to visit the NELFUND website. This is the type of integration we are pursuing. We want to create a collaborative environment."
Mustapha Iyal, the Executive Director of Operations at the Fund, shared this information during a sensitization event held at the University of Ilorin for higher education institutions in Kwara State on Tuesday.
Iyal explained that this initiative aims to simplify the verification for those applying for student loans.
He elaborated, "We have noticed that one of the challenges we face is verification issues. Therefore, what NELFUND is aiming to do is connect directly with the institutions by integrating NELFUND’s operations into their portals. This way, when a student registers at their institution, they can choose to pay through NELFUND, cash, or other methods.
If a student decides to use NELFUND for payment, they will complete an application using their information already available on the institution's portal, eliminating the need to visit the NELFUND website. This is the type of integration we are pursuing. We want to create a collaborative environment."
Related Scholarship Opportunities
Regarding the concerns raised by students from benefiting institutions in Kwara State, the NELFUND official stated that they have initiated efforts to address these issues.
He remarked, "Concerning the problems brought up by students, we are actively seeking ways to streamline the entire process. We have already begun addressing these concerns. We operate 24 hours a day and are always available to support the students."
In addition, Umar Farouk, a representative from the National Association of Nigerian Students on the NELFUND board, praised President Bola Tinubu’s administration for launching the student loan initiative.
Farouk stated that this initiative will further enable underprivileged students to access higher education.
He added, "One of the commitments made by the President was the introduction of student loans, and I am pleased to confirm that the student loan fund is going to be a permanent resource. Nigerians can now realize that children from less privileged backgrounds can more easily pursue higher education. With student loans available, everyone will find it easier to attend school."
The student loan scheme is a key project of President Tinubu’s agenda within the educational sector.
Shortly after assuming the presidency, Tinubu enacted the Access to Higher Education Act, which establishes a legal framework for providing loans to low-income or indigent Nigerians to help them pay for their education in higher learning institutions across Nigeria.
This law effectively reestablished the Nigerian Education Loan Fund.
NELFUND is tasked with managing all loan applications, grants, disbursements, and recovery efforts.
According to the Act, the Fund will be supported by various funding sources and will also engage in other productive endeavors.
In addition, Umar Farouk, a representative from the National Association of Nigerian Students on the NELFUND board, praised President Bola Tinubu’s administration for launching the student loan initiative.
Farouk stated that this initiative will further enable underprivileged students to access higher education.
He added, "One of the commitments made by the President was the introduction of student loans, and I am pleased to confirm that the student loan fund is going to be a permanent resource. Nigerians can now realize that children from less privileged backgrounds can more easily pursue higher education. With student loans available, everyone will find it easier to attend school."
The student loan scheme is a key project of President Tinubu’s agenda within the educational sector.
Shortly after assuming the presidency, Tinubu enacted the Access to Higher Education Act, which establishes a legal framework for providing loans to low-income or indigent Nigerians to help them pay for their education in higher learning institutions across Nigeria.
This law effectively reestablished the Nigerian Education Loan Fund.
NELFUND is tasked with managing all loan applications, grants, disbursements, and recovery efforts.
According to the Act, the Fund will be supported by various funding sources and will also engage in other productive endeavors.
Tags
Nelfund student loan