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Nigerian Student Loan Is For Federal and State Tertiary Institutions

There is a round of rumours that the student loan programme is for those who attended Federal tertiary institutions in Nigeria. This is not true as the management of the Nigerian Education Loan Fund (NELFUND) has debunked it. The management called the information circulating as incorrect because it does not emanate from them.

The management stated that state institutions are without any doubt included in the programme by the law that established it. However, the programme is to roll out in phases. This is to ensure efficient management of the process. The first phase is to cater to those in Federal institutions, and shortly after that, the state institution will follow suit. In other words, the initial rollout is for students attending Federal institutions while the second phase which will come shortly after the initial rollout will be for students attending state institutions. In my understanding, this is where some members of the public got the information incorrect. They don’t know there will be a second phase.

NELFUND doesn’t discriminate as they are fully committed to providing financial support to all eligible students, whether they are attending State or Federal institutions.

For those who are interested in knowing how to apply for a student loan, the procedure will be explained below:

How to apply

The documents required for this process include scan copy of your JAMB admission letter, NIN, and BVN

  • Log in to the portal
  • Create an account
  • Complete the application by providing all the necessary information
  • Carefully go through the form to avoid any mistakes, then click submit.
  • Please do not forget

Kindly note that you can be denied if you have defaulted on any previous loan granted by any licensed financial institution or submitted fake documents.

Bolarinwa Olajire

A tutor with a demonstrated history of working in the education industry. Skilled in analytical skills. Strong education professional with a M. SC focused in condensed matter. You can follow me on Twitter by clicking on the icon below to ask questions.

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