UI’SU reveals why UI student loan applicants portal still shows “NOT YET PAID”

He specifically stated that the UI students loan applicants portal still shows “NOT PAID” because the University of Ibadan Students’ Union Government is currently in a firing conversation and negotiating with the School authority on reducing school fees.

SEE ALSO: ASUU tells FG, to convert STUDENT LOAN (NELFUND) to Grant

Mr. Japheth, the UI’SU General secretary mentioned that there is now an 80% guarantee that the School fees will be reduced.

“The key point here is that the fund will reflect once the issue of school fees has been finalized, he stated.

UI’SU General Secretary, Ogundijo Dolapo Japheth told our News agent that University of Ibadan Students who applied for the FG Students loan application should be assured that the institution is already making provisions for streamless refund of the remaining balance directly to the individual students’ accounts. He stated that fact that students should look forward to portal updates and refunds to the bank accounts they submitted on NELFUND PORTAL.

During our conversation with Mr. Japheth, he mentioned that UI’SU is currently aware that all the applicants have received their upkeep payments. “All institutions in Nigeria now have NELFUND officer, he stated. So, the Upkeep was sent directly from the NELFUND branch office in UI.

Before the WhatsApp call ended, our news agent appreciated UI’SU General Secretary, Ogundijo Dolapo Japheth for his kind-hearted and moral disposition.

Summary of Why UI Students Loan Applicants Portal still showing “NOT YET PAID”

1. The key point is the University of Ibadan Students’ Union is currently in a dialogue with the school management on school reduction.
2. There is 80% certainty that school management is ready to reduce the school which will be announced soon.
3. All FG Student Loan Scheme applicants will be refunded as soon as the new school is released by the institution.
4. The remaining balance will be sent by UI to the account you submitted on your NELFUND loan dashboard.
5. UI will soon announce new school fees.

Can I still apply for Student Loan?

The answer is Yes. You can still apply, but the issue is that there might be a delay in the processing before NELFUND is currently processing many applicants this moment.

If you are interested and ready to apply for Student Loan, visit the NELFUND portal, create your loan account, and upload all the necessary documents.