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Tuesday, July 23, 2024

Complete List: NELFUND Approves Student Loan Applications for 12 Additional State-Owned Colleges

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The Nigerian Education Loan Fund (NELFUND) has good news! On Wednesday, July 10, 2024, they added 12 more state-owned schools to the list where students can apply for loans.

Nasir Ayitogo, the spokesperson for NELFUND, shared this happy news on Wednesday.

He said they added more schools because these schools shared the correct and complete student information.

Now, instead of 36 schools, there are 48 schools where students can apply for loans.

However, there are still 121 schools that need to share their student data.

“NELFUND is very happy to say that 12 more state-owned schools are now part of the student loan program. We did this after getting accurate data from the schools. With these new additions, we now have 48 schools accepting student loan applications. But we are still waiting for data from 121 schools,” Ayitogo said.

List of the 12 New Schools

Here are the new 12 state-owned schools where students can apply for loans:

  1. Abia State Polytechnic
  2. Benue State University, Makurdi
  3. College of Education, Waka-Biu
  4. University of Medical and Applied Sciences Enugu State
  5. Aliko Dangote University of Science and Technology Wudil, Kano State
  6. Kwara Polytechnic
  7. Lagos State University of Science and Technology
  8. Ibrahim Badamasi Babangida University Lapai, Niger State
  9. Olabisi Onabanjo University
  10. Abraham Adesanya Polytechnic
  11. Taraba State Polytechnic
  12. Yobe State University

Background

Earlier, NELFUND started giving loans to students from 36 state-owned schools in Nigeria.

These schools gave NELFUND the student data needed for the loan process.

NELFUND urges other state-owned schools to also send their student data soon so their students can get loans.

Important Information

The new Student Loan Act of 2024 helps make education affordable for all Nigerian students, no matter how much money they have.

NELFUND gets money from different sources like taxes and duties collected by the Federal Inland Revenue Service (FIRS), Nigerian Immigration Service, and Nigerian Customs Service. They also get money from government resources, education bonds, endowment fund schemes, and donations.

The loans help pay for school fees, tuition, and living costs. Students will start paying back the loans two years after they finish their NYSC program.

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