NELFUND announces 14-day postponement of state-owned institutions’ student loan application
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By Anthony Maliki, Abuja
The Management of Nigerian Education Loan Fund (NELFUND) has announced a 14-day postponement of the application process for student loan for state-owned institutions due to low data submissions.
This decision was necessitated by the failure of several state-owned institutions to upload the required student data and fees information to the NELFUND Student Verification System (SVS).
This was contained in a statement by
Head, Media and Public Relations,
Nigerian Education Loan Fund (NELFUND), Nasir Ayitogo on Tuesday.
To date, only a limited number of state-owned institutions have successfully 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.
The statement noted that while NELFUND acknowledge the efforts of these institutions, the failure to submit data from the remaining state institutions poses significant challenges to ensuring a seamless and accurate verification process for student loan applicants.
According to it, the application window, initially set to open on June 25, 2024, will now commence on July 10, 2024.
“This extension will provide additional time for state institutions to comply with the data submission requirements and ensure their students can benefit from the Federal Government student loan scheme,” Ayitogo noted.
NELFUND said to facilitate an efficient and error-free application process, it is crucial that all state institutions provide complete and accurate information.
“This includes JAMB numbers, matriculation numbers, admission numbers, full names, level, faculties, departments, duration of program, fees and gender of all eligible students.
“Incomplete or incorrect data submissions will result in application delays and potential disqualification for affected students,” it said.
The fund urged all state institutions to expedite their data submission processes and ensure the accuracy of the information provided.
It pointed out that institutions that fail to meet the revised deadline risk disadvantaging their students, who depend on these loans to support their education.
The fund, however, appreciates the cooperation of institutions that have already completed their submissions and encourage others to follow suit promptly.
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