Nelfund

NELFUND Sets October Date to Reopen Student Loan Portal

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The Nigerian Education Loan Fund (NELFUND) has announced the date to reopen the application portal for the 2025/2026 academic session. This comes as the 2024/2025 academic session will officially close on Tuesday, September 30, 2025. The announcement was made by NELFUND’s Managing Director, Akintunde Sawyerr, during a news conference in Abuja on Monday. He explained … Read more

NELFUND Halts ₦20k Upkeep Loans During School Breaks

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The Nigerian Education Loan Fund (NELFUND) has announced plans to stop the ₦20,000 upkeep loan disbursement to students during school holidays. NELFUND disclosed this in a statement on Thursday by its Director of Corporate Communications, Oseyemi Oluwatuyi. The statement read, “In line with this directive, students shall only be entitled to upkeep loans for their … Read more

Nigeria Government to restrict Student Loan to high-demand Courses

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The Nigeria government plans to limit student loans to courses with high employment prospects. The Nigeria Education Loan Fund (NELFUND) has announced that the current policy of offering interest-free loans to all students may change soon. Noting that Specific courses may be excluded from eligibility for these loans. NELFUND Managing Director, Akintunde Sawyerr, revealed this … Read more

NELFund Explains Why Students of Private Institutions Not Qualify for Loan Scheme

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The Nigeria Education Loan Fund (NELFund) says the federal government’s student loan scheme only serves public tertiary institutions to enable the country to make the most of limited resources. Akintunde Sawyerr, the MD of NELFund, said the scheme could be opened up to accommodate private institutions in the future. Sawyerr spoke during an Arise TV … Read more

Beneficiary Repays N2m Student Loan after 40 years

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The Nigerian Education Loan Fund (NELFUND) has announced the receipt of the sum of N2 million bank draft from a beneficiary of 1970s scheme. The Nigerian Education Loan Fund (NELFUND) confirmed the receipt of the sum of N2 million bank draft from a Senior Advocate of Nigeria (SAN), Asiwaju Adegboyega Solomon Awomolo, SAN, a beneficiary … Read more