NELFUND APPROVES 22 ADDITIONAL STATE OWNED INSTITUTIONS FOR STUDENT LOANS

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The Nigerian Education Loan Fund has allowed 22 more state-owned educational schools to apply for student loans.

“ The Nigeria Education Loan Fund has announced that students from the following 22 state-owned tertiary institutions can now apply for loans on its portal: nelf.gov.ng

“This followed a review by the committee responsible for the Student Verification System. Prior to this, 86 state-owned institutions were cleared, bringing a total of 108 institutions whose students are now able to apply,” the statement posted via @NELFUND on X said.

The addition of 22 state-owned institutions raises the overall number of recognised state institutions to 108.

The student loan plan is President Bola Tinubu’s major education project.

Tinubu signed the Access to Higher Education Act less than a month after taking office, which establishes a legislative framework for awarding loans to impoverished or low-income Nigerians to help them pay their tuition at Nigerian postsecondary institutions.

The Nigerian Education Loan Fund was established under the law, which was reenacted earlier this year.