The Nigerian Education Loan Fund (NELFUND) has officially opened its portal for the 2024/2025 academic session, offering students in higher institutions across Nigeria the opportunity to access financial assistance. The initiative aims to provide tuition coverage and monthly living allowances to students facing financial challenges. https://portal.nelf.gov.ng/auth/login
To be eligible, students must meet specific requirements set by NELFUND and be enrolled in accredited institutions of higher learning in Nigeria. According to the Managing Director of NELFUND, Akintunde Sawyerr, the organization has disbursed over N22 billion in student loans to 215,514 beneficiaries in the 2023/2024 academic session. Sawyerr emphasized NELFUND’s commitment to efficiency, transparency, and fairness in processing applications.
The application process is now open, with returning applicants able to log in to their accounts, while new applicants must visit the official NELFUND website. Students are advised to apply as early as possible to avoid last-minute issues and ensure a smooth process. Institutions are also encouraged to provide necessary support to students during the application process.
The NELFUND program offers flexible repayment terms, allowing beneficiaries to repay after securing employment. This initiative is part of the government’s efforts to increase access to education by reducing financial barriers. By providing financial assistance to students, NELFUND aims to alleviate the financial burden on students and their families, enabling them to focus on their studies and achieve their academic goals.
For more details, students can visit the official NELFUND website or contact their institution’s financial aid office for guidance. With the application portal now open, students are encouraged to take advantage of this opportunity to access financial assistance and achieve their academic aspirations.
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