Student Loan

NELFUND Extends 2025/2026 Student Loan Application Deadline

NELFUND shifts 2025/2026 loan deadline to 27 February 2026 (was 31 Jan 2026). New closing date: 27 February 2026 Old deadline: 31 Jan 2026 Extra time given to finish and submit applications Submit all required details on or before the new date Enquiries: info@nelf.gov.ng


NELFUND upkeep allowance rumour update by NBAN

NBAN says the talk about NELFUND raising the upkeep allowance from ₦20,000 to ₦150,000 is not true for now. On 28 December 2025, the group said NELFUND has not announced any change on its real channels. NBAN says the ₦20,000 to ₦150,000 claim is not confirmed Date of NBAN statement: 28 December 2025 NBAN says NELFUND has made no public update on any increase NBAN checked and says there is nothing posted on NELFUND’s website or verified channels Beneficiaries should follow only NELFUND’s approved platforms for updates Contact and handles shared by NBAN: +234 916 124 7589, X: @NELFUND NG, Facebook: NELFUND Beneficiaries Nigeria Association

NELFUND Announces New Guidelines on Upkeep Loan Disbursement

NELFUND has released fresh rules for student upkeep loan payments. Loans will now run strictly within each academic session, and applicants must reapply at the start of a new session. Full details, including portal changes and school responsibilities, are outlined below.

Students to Start Receiving NELFUND Loans

Students starting new academic sessions next week will begin receiving credit alerts from the Nigerian Education Loan Fund (NELFUND). Managed by Akintunde Sawyerr, this scheme supports university, polytechnic, and college of education students. About 110,000 students have completed their applications and are eligible for loans. Institutions receive payments for tuition, while students get monthly stipends.

Tinubu Launches the Nigerian Education Loan Fund

President Bola Tinubu has launched the Nigerian Education Loan Fund (NELFund) to support students with school fees and stipends. With ₦35 billion approved for the scheme, 70,000 initial applicants will benefit. The launch saw over 110,000 loan applications on the portal already. This post covers the launch event, who attended, and how the fund aims to help over 1.2 million students in its first phase. Keep reading to learn how this initiative can benefit you.

NELFUND Approves Student Loans for Successful Applicants!

The Nigerian Education Loan Fund (NELFUND) has approved student loans for successful applicants from selected tertiary institutions. This decision, made during NELFUND's inaugural board meeting chaired by Jim Ovia, marks a significant step in providing financial support to students. The loans aim to help students pursue their education without financial stress. Keep reading to learn more about the approval process, future initiatives, and how this affects students.

Nigeria NELFUND Student Loan Form 2024 - Apply Now!

Are you a Nigerian student dreaming of furthering your education without the financial strain? The new Nigeria NELFUND Student Loan 2024 is here to make higher education more accessible. Whether you're at university, a polytechnic, or any other public tertiary institution, this programme is designed for you. Curious about how you can benefit? Read on to find out everything you need to know about applying and the favourable repayment terms.

Student Loan Scheme Now Open to 336 State Institutions

Are you struggling to finance your education? Good news! The Federal Government has extended the student loan scheme to state institutions. With over 336 state tertiary institutions now eligible, this is the perfect opportunity for students to pursue their dreams without financial burdens. But how does one apply, and what does this mean for your future? Let's dive in and find out!

NELFUND Issues Alert on Fraudulent Student Loan Websites

Are you a student in Nigeria looking for financial aid? Have you come across the 'Federal Study Loan' advertisement in the Punch newspaper? Before you click, NELFUND has issued a stark warning about verifying the legitimacy of websites claiming to offer these loans. Could this warning affect your plans to fund your education? Let’s uncover the truth behind these claims.

President Tinubu Names Jim Ovia Chairman of Student Loan Fund

Have you heard the latest news? President Bola Tinubu has just appointed Jim Ovia, a powerhouse in Nigerian banking, as the Chairman of the Nigerian Education Loan Fund. What does this mean for the future of education in Nigeria? Let's dive in to find out how this could transform opportunities for countless Nigerian students.

Federal Government Delays Student Loan Launch in Nigeria

Just when Nigerian students were ready to embrace the much-awaited Students Loan Scheme, an unexpected announcement has put everything on hold. Why has the Federal Government decided to postpone the launch indefinitely, and what are the implications for those counting on it? The scheme, which promised interest-free loans, was seen as a beacon of hope for many. However, with recent developments, questions and concerns are at an all-time high. What corrections are being made, and how will this affect the future of higher education financing in Nigeria?

Understanding the Students Loan Act: Empowering Nigerians

President Bola Tinubu has signed the Access to Higher Education Act, 2023, also known as the Students Loan Act, paving the way for Nigerians to acquire tertiary education through interest-free loans. The Act establishes an Education Loan Fund, managed by an 11-person special committee, to facilitate the disbursement and recuperation of the loans. Eligibility is based on criteria including the applicants' income, institution type, and clean legal record. The Act emphasizes non-discrimination and equality in access to loans