The Nigerian Education Loan Fund (NELFUND) has postponed the start date for student loan applications from state-owned tertiary institutions by 14 days due to insufficient data submissions. Originally scheduled to begin on June 25, applications will now start on July 10, 2024.
Nasir Ayitogo, the head of media and public relations for NELFUND, stated that the delay is necessary because many state-owned institutions have not uploaded the required student data to the NELFUND Student Verification System (SVS). So far, only 20 out of 48 state universities, 12 out of 54 state colleges, and 2 out of 49 state polytechnics have completed their data submissions.
This lack of data from the remaining institutions creates challenges in ensuring a smooth and accurate verification process for student loan applicants. The extra time will allow these institutions to meet the data submission requirements, enabling their students to benefit from the federal government’s student loan scheme. Ayitogo emphasized that incomplete or incorrect data submissions could lead to delays or disqualifications for affected students.
