The Nigerian Education Loan Fund (NELFUND) has announced a 14-day delay in the application process for student loans from state-owned tertiary institutions due to insufficient data submissions.
Originally scheduled to begin on June 25, the applications will now start on July 10, 2024.
The head of media and public relations at NELFUND, Nasir Ayitogo, stated that the decision to postpone the date was driven by the inability of several state-owned institutions to upload the necessary student data to the NELFUND Student Verification System (SVS).
He mentioned that only a small number of state-owned institutions have completed the data submission process.
“These include 20 state universities out of 48, 12 state colleges out of 54, and 2 state polytechnics out of 49,” he said.
He explained that the lack of data submission from the remaining state institutions presents significant challenges to ensuring a smooth and accurate verification process for student loan applicants.
He noted that the application window, initially planned to open on June 25, 2024, will now commence on July 10, 2024, to provide extra time for state institutions to meet the data submission requirements and ensure their students can benefit from the federal government student loan scheme.
He warned that incomplete or incorrect data submissions will lead to application delays and potential disqualification for the affected students.
