NELFUND – FREQUENTLY ASKED QUESTIONS
The Frequently Asked Questions below is our attempt to answer common questions that the applicants may have regarding the Students’ Higher Education Loan in a brief and easy-to-understand way.
1. What is the Students Loans (Access to
Here is how it works - More students from the University of Maiduguri applied for the loan than students from University of Ibadan, hence the higher figure. This is a loan, not a free gift. So, if students from other institutions don’t apply, they won’t receive funds.
How is the tuition for students in Maiduguri 589 million, Almost 3 times that of Ibadan? Most schools with high numbers here are Northern Universities. No single SE Universities?
Thank you for your concern. It’s important to clarify that geopolitical zones are not a factor in the disbursement process. NELFUND sent a verification list to every institution eligible for disbursement. Payments are being made to institutions that have responded to this
@NELFUND
Not surprised to see SE being neglected once again. No funds were allocated to students in UNIZIK, FUTO, MOUAU, and even the University of Nigeria (UNN). I’m pretty sure a lot of students in those schools applied for the loan just like every other Nigerian scholar
One Nigeria una
PRESS RELEASE
Ex Rep Member Repays Federal Government Student Loan with N3,189,217.00 to NELFUND
27th August, 2024
The Nigerian Education Loan Fund (NELFUND) is pleased to announce that Hon. Lanre Laoshe, a former beneficiary of the Federal Government Student Loan Scheme, has
Step-by-Step Procedures for Student Loan Disbursement
Below is a detailed outline of the step-by-step process that each student loan application must go through. NELFUND, the INSTITUTIONS, and the STUDENTS , each have crucial roles to play in this process.
1. Data Submission:
Press Release
NELFUND Disburses monthly upkeep stipends as 20,371 Students begin to receive payment alerts
August 5, 2024
The Management of the Nigerian Education Loan Fund (NELFUND) under the leadership of Mr Akintunde Sawyerr, the Managing Director has announced the
PUBLIC NOTICE
STUDENT LOAN APPLICATION FOR STATE OWNED TERTIARY INSTITUTIONS: 36 INSTITUTIONS NOW ONBOARDED
The Nigerian Education Loan Fund (NELFUND) is pleased to announce that students enrolled in the following 36 state-owned tertiary institutions can now apply for student
For now, NELFUND does not provide loans for postgraduate students. Let’s ensure others have the opportunity to earn their first degree, just like you did.
PRESS RELEASE
NELFUND Records Highest Student Loan Application in any 24 hour window Since Portal Opening
7th August, 2024
The Management of Nigeria Education Loan Fund (NELFUND) under the leadership of its Managing Director/CEO, Mr Akintunde Sawyerr is pleased to announce
ANNOUNCEMENT
Following the recent announcement of loan disbursements by the Nigerian Education Loan Fund (NELFUND), we are issuing a further notice to students from the six institutions that were part of the recent disbursement cycle.
Students who applied for the student loan
NELFUND Student Loan Disbursements Update
So far, a total of N2,026,163,340.00 has been disbursed across six Nigerian tertiary institutions to support student access to education.
See breakdown 👇🏾
IT’S OFFICIAL!
The NELFUND Student Loan Application Portal is now LIVE! 🎓 Apply today to secure the financial support you need for your education. Visit to get started.
#StudentLoanNG
#NELFUND
#RenewedHope
Oh, you’re absolutely right! Every single one of those beneficiaries did indeed get the loan through “connections”—internet connections, to be precise.
They filled out the online application, provided the necessary documentation, and met all the criteria. So yes, you’re 100%
Abeg, na you dey in charge of confirming payment for the institution? Just because the school dey on holiday no mean say dem no fit receive payment. NELFUND don do their part by disbursing the funds; na the institution responsibility to manage the funds whether dem dey session or
@NELFUND
YOU CLAIMED THAT THE FUNDS HAS BEEN DISBURSED TO UNIVERSITY OF LAGOS WHEREAS THE SAID UNIVERSITY IS CURRENTLY NOT IN SESSION, THEY JUST EMBARKED ON A LONG HOLIDAY. SO HOW DO YOU EXPLAIN THIS?
PEOPLE THAT APPLIED FOR THE LOAN FROM THAT INSTITUTION THAT YOU SAID YOU HAVE PAID....
PRESS RELEASE
NELFUND Acknowledges Receipt of ₦50 Billion from Recovered Proceeds of Crime
The Management of Nigerian Education Loan Fund (NELFUND), under the leadership of its Managing Director/CEO, Mr Akintunde Sawyerr has expressed its pleasure as it receives an additional
NELFUND Clears a Further 22 State-Owned Tertiary Institutions for Student Loan Application
The Nigeria Education Loan Fund (NELFUND), the fund has announced that students from the following 22 state-owned tertiary institutions can now apply for loans on its portal:
PRESS RELEASE
STUDENTS LOAN APPLICATION PORTAL OPENS MAY 24th
The management of Nigerian Education Loan Fund (NELFUND) led by its Managing Director, Mr Akintunde Sawyerr are thrilled to announce 24th of May, 2024 as official date for the opening of portal for student loan
Have you received your ₦20k monthly stipend from NELFUND? We’d love to hear from you!
Share a post and tag
@NELFUND
for the world to see. Let’s spread the word and support more students!
#NELFUND
#StudentLoan
#RenewedHope
The Managing Director/CEO of the Nigerian Education Loan Fund (NELFUND), Mr Akintunde Sawyerr on Thursday, 29th August 2024, led other members of the his team to Ladoke Akintola University of Technology (LAUTECH), Ogbomosho, for a student loan sensitization drive.
The event,
We understand your concern, but we’ve tried to educate everyone by posting the 7 steps that must be completed before a loan is disbursed.
Your daughter is just at the 4th step. Before jumping to conclusions, let’s allow the process to work, no region is being left out.
@TimedFrank
@NELFUND
My adopted daughter is in UNN, she and her friends applied, they got approved but never got any disbursement, I think the Tinubu administration and
@NELFUND
should come out boldly and admit that South East is not included in this program. I have my evidence.
"We have received N201,114,650 from the Nigerian Education Loan Fund (
@NELFUND
) to cover the school fees of 1,370 students....."
Nigeria's Premier University of Ibadan
Hi Shantel, the institution fee goes directly to the institution, not your personal bank account. There is no way institution fee will be paid to the student. However, if you also applied for upkeep, you will receive it in your personal account in the coming days.
HOW TO APPLY FOR STUDENT LOAN
CREATING AN ACCOUNT
Step 1: visit
Step 2: Click on the "Apply Now"
Step 3: Click on “Get Started”
Step 4: Answer the questions on this page to continue by clicking on “Yes, I am a Nigerian”
Step 5: Verify your
PRESS RELEASE
NELFUND Continues Student Loan Disbursements Across Nigerian Tertiary Institutions
August 2, 2024
In alignment with President Bola Ahmed Tinubu’s commitment to enhancing educational opportunities for Nigerians, the Nigerian Education Loan Fund (NELFUND) has
Don’t worry, NELFUND is working hard to include a loan cancellation button on the portal for situations like this. And for those who forgot to apply for upkeep during registration, we’re adding that option too. Just hang tight—we’ve got everyone covered
While supporting postgraduate education is important, it’s essential to prioritize and channel our limited resources toward those who haven’t yet earned a first degree. By doing so, we can help more people access the foundational education they need to build their futures. Once
@NELFUND
Providing a loan for a Postgraduate doesn't hinder anyone from earning a degree....It shows the government cherishes education and encourages many to pursue knowledge....Ire ooo
EFCC PRESS STATEMENT
EFCC's N50billion to NELFUND Not Donation
The Economic and Financial Crimes Commission, EFCC, wishes to clarify the reports in a section of the media today, August 14, 2024, purporting that the Commission donated N50billion to the Nigerian Education Loan
We understand your concern about the institution fee on the NELFUND portal being higher than the actual fee. In the beginning, many institutions didn’t send their fee schedules along with student data, which caused delays and prevented students from successfully completing their
Dear students,
It is very important to note that NIN and BVN verification can fail if the details students provide do not match JAMB details. It is a feature put in place to prevent fraud.
Hi Alexandra, the 20k you are referring to is the stipend that will be paid monthly, directly to the student’s account. This is in addition to the student’s institution fee that will paid in full. Please let us know if you have additional questions.
PRESS STATEMENT
Twelve (12) More State Government-Owned Tertiary Institutions Submit Student Data to NELFUND
July 10th, 2024
The Management of Nigerian Education Loan Fund (NELFUND) is delighted to announce the onboarding of an additional twelve (12) state government-owned
Just to clear things up, loans are disbursed according to when institutions’ academic sessions begin, not based on who’s from where or any imagined “offence.”
Dear students! If you had trouble verifying your BVN on the student loan application portal, please try again. We’ve taken steps to make the process smoother. Your education matters, and we’re here to support you!
#StudentLoanNG
#NELFUND
NELFUND is aware that some students are facing challenges trying to apply on the Student Loan Application portal. We have addressed some of the issues collectively as follows:
1. If your school is not on the list of Institutions;
ANS:- Contact your ICT department to reach out
The Management of Nigerian Education Loan Fund (NELFUND) is by this notice, announcing the onboarding of 22 additional State - owned tertiary institutions.
Students from the following State- owned institutions (including the 48 institutions earlier announced) can now apply for
PRESS RELEASE
NELFUND Continues Student Loan Disbursements Across Nigerian Tertiary Institutions
August 2, 2024
In alignment with President Bola Ahmed Tinubu’s commitment to enhancing educational opportunities for Nigerians, the Nigerian Education Loan Fund (NELFUND) has
Managing Director/CEO of the Nigerian Education Loan Fund (NELFUND), Mr Akintunde Sawyerr was a guest speaker at the Nigerian Bar Association (NBA) Annual General Conference 2024 held at the Teslim Balogun Stadium on Monday, 26th August.
NELFUND Intervention Leads to Extension of Registration Deadline at Taraba State University
15th August 2024
The Management of Nigerian Education Loan Fund (NELFUND) have successfully intervened in extending the registration deadline for students at Taraba State University,
UPDATE: 16 More State-Owned Tertiary Institutions Upload Student Data to NELFUND Portal
Following our previous announcements onboarding 70 state-owned tertiary institutions to the Nigerian Education Loan Fund (NELFUND) Student Loan Applications Portal, we are delighted to share
HAPPENING NOW: Managing Director of the Nigerian Education Loan Fund (NELFUND), Mr Akintunde Sawyerr leads his team to the Chukwuemeka Odumegwu Ojukwu University, Igbariam, Anambra State on a sensitization tour. The MD will be meeting both management and students from COOU and
NELFUND Urges Students to Embrace Loan Scheme, Reaffirms Commitment to Transparency and Accessibility
The Managing Director/CEO of the Nigerian Education Loan Fund (NELFUND), Mr. Akintunde Sawyerr has called on Nigerian students to take full advantage of the NELFUND Student Loan
In line with our commitment to democratize higher education, we are excited to announce that NELFUND will commence accepting applications from students attending state-owned tertiary institutions in three weeks. We request all state institutions submit their students' data
PRESS RELEASE
NELFUND Holds Inaugural Board Meeting as Student Loan Disbursement Tops Agenda
June 26, 2024
The Nigerian Education Loan Fund (NELFUND) on Wednesday, June 26, 2024 held the inaugural meeting of its board in Abuja.
The meeting marked a significant milestone in
In response to your question, NELFUND’s contractual agreement is with the students, who by law, should be 18 and above and as such are legal adults and are able to enter into such agreements. Thank you.
FRAUD ALERT
NELFUND Disclaims Fraudulent Website Claiming to Offer Foreign Visa Sponsorship
August 13, 2024
The Management of the Nigerian Education Loan Fund (NELFUND) wishes to alert the public to a fraudulent website falsely claiming to offer foreign visa sponsorship, using
To apply for a student loan, your admission into any tertiary institution must be verified and backed by JAMB. If your admission was not processed through JAMB, you must regularize your admission with them before applying.
Hi Abbas, a list of students whose fees have been paid will be published by each institution. Please refer to your institution’s bursary department if you haven’t been contacted.
@NELFUND
@NELFUND
I have received my stipend, but yet to see the institutional fee and if you have already paid your school fees will the money be sent directly to your bank account or the school account
Press Statement
NELFUND to Publish full list of Institutions with Complete Data Submissions for Student verification 24th June 2024.
June 13, 2024
The management of Nigerian Education Loan Fund (NELFUND) is announcing that the full list of institutions that have submitted
NELFUND Highlights Key Role in Advancing SDGs at Nigerian Tertiary Institutions Conference
The Nigerian Education Loan Fund (NELFUND) showcased its pivotal role in advancing the United Nations Sustainable Development Goals (SDGs) during the 1st Nigerian Tertiary Institutions
PRESS STATEMENT
NELFUND Announces 14-Day Postponement of State Owned Institutions’ Application for Student Loan
June 25, 2024
The Management of Nigerian Education Loan Fund (NELFUND) hereby announce a 14 day postponement of the application process for student loan for state
Dear Student Applicants,
Due to some upgrades in the security for NIN, the ability to access NIN is temporarily restricted.
This means that for those who do not have NIN attached to the JAMB, some difficulties may be experienced when applying for the NELFUND finance.
Where the
NELFUND Engages Kebbi State in Key Sensitization Meeting on Student Loan Program
14th August, 2024
The Nigerian Education Loan Fund (NELFUND) took a significant step in its mission to expand access to education by participating in a crucial sensitization meeting organized by
PRESS STATEMENT
Clarification: State Institutions Included in Student Loan Program
The management of Nigerian Education Loan Fund (NELFUND) has noticed the publication of misleading narratives on social media claiming that the student loan programme is solely for federal
According to the Establishment Act, NELFUND reserves the right to determine the interest rates on loans. In this case, it has been determined that the interest rate is set at zero percent.
@NELFUND
Hi
@NELFUND
, if the student loan is interest-free, can you help shed light on what No. 2a in the terms and conditions of the loan mean? (Screenshot below)
HAPPENING NOW: Managing Director of the Nigerian Education Loan Fund (NELFUND), Mr Akintunde Sawyerr leads his team to the Chukwuemeka Odumegwu Ojukwu University, Igbariam, Anambra State on a sensitization tour.
@NELFUND
How long will it take for the people in South east to have their loan approved 🤦🤦 since May? Most of us our exams starts this month but we're yet to pay our school fees. Why? Just why?
Struggling with your student loan application? We've got you covered! Check out this video for tips on overcoming common challenges and ensuring a smooth application process.
#StudentLoanNG
#NELFUND
Attention Students!
Join the NELFUND Virtual Clinic for issues surrounding your student loan application.
Date: Friday, 14th June, 2024
Time: 3pm prompt
Platform: Zoom
Link:
Get your application questions answered and resolve any issues.
Yes, students can still apply even after the initial disbursement has been made to their institution. Disbursements are not conclusive and are done in batches based on applications received. It’s possible for the same institution to receive multiple disbursements, even three
Oh, scholarships, you say? We don’t give scholarships at NELFUND, but if you meant loans, no worries. Disbursements are done in batches after every set of approvals. So, if you applied late and missed the first disbursement, just sit tight—your turn will come when the next batch
@NELFUND
What if you've applied for the scholarship after the first disbursement and your school resumes for second semester ?
Particularly, if you didn't applied on time and the school got it disbursed fee from NELFUND ? what will happened next ?
The House of Representatives reaffirms its unwavering commitment to the effective oversight and success of the Nigerian Education Loan Fund (NELFUND) as it initiates the distribution of monthly stipends to students.
A Thread🧵
#HouseNGR
#StudentLoans
#OversightMatters
#NELFUND
PHOTOS: Managing Director/CEO of the Nigerian Education Loan Fund (NELFUND), Mr Akintunde Sawyerr led other members of the Executive Management of the Fund to a courtesy visit to the Economic and Financial Crimes Commission (EFCC).
On ground to receive them was the Executive
Hi Adesina, the upkeep is dependent on the institution fee, you can only get upkeep when you apply for the institution fee. However, a student can apply for only the institution fee without the upkeep if he/she so wishes.
Hi Salma, considering it’s a student loan fund, we figured we’d focus on students. But if you’re an entrepreneur, you might want to check out agencies like SMEDAN or BOI. They’re more in tune with supporting your kind of hustle.
Hi Rebi, any institution that is yet to be onboarded to the application portal is yet to submit its institutional data to the NELFUND SVS. Kindly prevail on your institution to do so.
We appreciate your suggestion. However, just as the Federal Mortgage Bank doesn’t publish the names of its beneficiaries, NELFUND must also respect data protection regulations and privacy concerns. Additionally, it’s important to remember that this is a loan, not a gift, and
@NELFUND
Commendable! But I also think for purposes of transperancy and accountability, the Fund needs to also publish on its website the list of students whose institutional fees has been disbursed to each institution
PHOTOS: Managing Director/CEO of the Nigerian Education Loan Fund (NELFUND), Mr Akintunde Sawyerr on Saturday, 13th July 2024 delivered a keynote address on the topic “Empowering the Future: The Role of Student Loans in Education” at the Future of Work summit organized by the
Managing Director/CEO of the Nigerian Education Loan Fund (NELFUND), Mr Akintunde Sawyerr addressing students during a sensitization tour at the Federal Polytechnic Nekede, Imo State.
Hi Daniel, for an institution to be onboarded, its management must have to submit complete data of students of such institution to the NELFUND SVS. Such data include, matric number, department, full name, JAMB number, institution fees, etc.
@NELFUND
Is there something that needs to be done by institutions for on boarding by NELFUND? Or on boarding is automatically done by NELFUND without any input by institution
PHOTOS: The Nigerian Education Loan Fund (NELFUND) on Wednesday, 31st July 2024 received the Honorable Minister of State for Education, Dr. Yusuf Tanko Sununu, on a one-day working visit at its office in Abuja.
During his visit, Dr. Sununu engaged with the NELFUND management
Eid Mubarak from all of us at NELFUND! 🌙✨
May this blessed occasion bring joy, peace, and prosperity to you and your loved ones.
Let’s celebrate with gratitude and share the spirit of kindness and unity.
Good day Mr. Ishaka,
Thank you for making contact.
We tried reaching out to you to obtain more details about the issue you raised via this medium.
However, below are the general response to your questions.
If you wish to have further clarification, kindly raise a ticket on
@daily_trust
Dear
@NELFUND
,
If the student loan is interest-free,
1. why is the amount under "Institutional Loan" higher than the amount charged by schools?
2. why do the terms and conditions include this: "The interest payable on the principal loan amount shall be determined by NELF"?
NELFUND Student/Applicants
If you have encountered challenges with the application process, please check back in to either re-register or continue the application process.
The technical issues have been resolved.
You may also have received an sms or email from NELFUND calling