Academic Calendar-Based Distribution Of Student Loans Announced

Academic Calendar-Based Distribution Of Student Loans Announced

The Nigerian Education Loan Fund (NELFUND) has announced that loans granted under its student loan scheme will be disbursed based on the academic calendars of respective institutions. Nasir Ayitogo, Head of Media and Public Relations at NELFUND, disclosed this in an interview in Abuja on Friday……. CONTINUE READING

According to Ayitogo, funds will be disbursed at the beginning of each institution’s new academic session, aligning with their specific academic schedules.

Recently, NELFUND’s board, chaired by Mr. Jim Ovia, approved the immediate disbursement of student loans during its inaugural meeting in Abuja, marking a significant step in its mission to provide financial assistance to students.

President Bola Tinubu signed the Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024, into law on April 3. This legislation followed deliberations and approvals by both the Senate and the House of Representatives Committees on Tertiary Institutions and the Tertiary Education Trust Fund.