The Nigerian Education Loan Fund (NELFUND) has announced a 14-day postponement for student loan applications for state-owned institutions due to low data submissions.
This decision comes as many state institutions have not yet uploaded the necessary student data and fee information to the NELFUND Student Verification System.
Currently, only a few institutions have completed the data submission: 20 out of 48 state universities, 12 out of 54 state colleges, and 2 out of 49 state polytechnics.
This lack of data submission poses significant challenges to ensuring a smooth and accurate verification process for student loan applicants.
Initially, the application process was set to begin on June 25, 2024. However, it has now been rescheduled to start on July 10, 2024.
The extension aims to give state institutions more time to comply with data submission requirements, ensuring their students can benefit from the Federal Government student loan scheme.
For an efficient and error-free application process, all state institutions must provide complete and accurate information, including JAMB numbers, matriculation numbers, admission numbers, full names, levels, faculties, departments, program durations, fees, and the gender of all eligible students.
Incomplete or incorrect data submissions will lead to delays and potential disqualification for affected students.
NELFUND urges all state institutions to expedite their data submission processes and ensure accuracy. Institutions failing to meet the revised deadline risk disadvantaging their students who rely on these loans for their education.
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