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Student Loan: NELFUND records 7,975 applications in 24 hours, highest since operation

The Management of Nigeria Education Loan Fund (NELFUND) under the leadership of its Managing Director/CEO, Mr Akintunde Sawyerr, has announced that it has received the highest student loan application within the span of 24 hours. He said within the last 24 hours, the fund recorded a total of 9,687 student registrations, of which 7,975 are…

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1 year ago

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He said within the last 24 hours, the fund recorded a total of 9,687 student registrations, of which 7,975 are completed loan applications. This he noted marked the highest in one day since the launch of the student loan application portal on the 25th May 2024.

In a press statement signed by the Director, Corporate Communications, NELFUND, Mrs. Oseyemi Oluwatuyi, this overwhelming surge in interest, underscores the critical role that NELFUND plays in enabling access to higher education for students facing financial challenges.

“The high number of applications confirms the fact that financial constraints is a major issue that many aspiring higher education students are facing. It reinforces the importance of NELFUND’s work in providing the necessary support to Nigerian youth.

“The Fund recorded this significant milestone in its mission to support students struggling with tertiary education financing across the nation. It is in line with the vision and action of President Bola Tinubu”, it said.

Since the opening of the student loan application portal, NELFUND has recorded steady and consistent influx of applications, highlighting the pressing need for financial assistance among Nigerian students.

The Fund therefore urged students who are experiencing financial difficulties to take advantage of this well intended opportunity provided by President Tinubu, adding that eligible students are encouraged to apply for the loan through the NELFUND portal.

“NELFUND’s streamlined application process is designed to be user-friendly, ensuring that students can easily access the support they need.

“The dedicated support team is available to assist applicants throughout the process, providing guidance and answering any questions they may have.

“This milestone is not just a testament to the effectiveness of the Fund’s outreach and the trust that students place in the programme and the President’s pronouncement, but also a call to action for those who have not yet applied”, the statement said.

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