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.
The Nigerian Education Loan Fund, better known as NELFUND, has announced a new directive on upkeep loans for students. The gist is clear: upkeep payments are now tied to academic sessions, no carry-over from one year to the next. For many undergraduates relying on this support, it is a change that could affect how they plan their school year.
What the New Rule Says
The adjustment is straightforward but important.
- Students will only receive upkeep loans for their current academic session.
- Once the school year ends, the upkeep for that session stops automatically.
- Moving into a new academic year means students must reapply, since the old upkeep will not continue.
It is like a tap that closes at the end of each year, and you have to open it again when the next one begins.
Application Requirements
Interested students need to take note of this step:
- Applications must be made at the start of every academic session.
- Only then can you qualify for both the upkeep and payment of school charges for that session.
No rolling over, no shortcuts. It is a clean start each year.
Role of the Portal
NELFUND is automating its loan portal to reflect the new arrangement. What this means is:
- The portal will now show only the upkeep loans tied to each academic session.
- Students can see clearly what they have collected and when.
This move is to keep things transparent and reduce mix-ups.
Responsibility of Schools
The ball is not in the students’ court alone. Institutions too must play their part.
- Schools are strongly advised to upload their academic calendars and session details early.
- This ensures students get their full upkeep benefits without delay.
If schools drag their feet, it could slow down payments for their students.
Final Thought
NELFUND says it remains committed to supporting Nigerian students with fair and open loans. But the message is clear: everyone has to stick to the new process. For students, it means staying alert, reapplying when each session begins, and keeping an eye on the portal. For schools, it means timely updates.
Questions or complaints? They can be reached via email at info@nelf.gov.ng or on their social media pages:
- X (Twitter): @nelfund
- Instagram: @nelfund
- Facebook & LinkedIn: Nigerian Education Loan Fund – NELFUND
At the end of the day, it is about order and planning. And as we say here, “who no plan, go just dey stranded.”