The Management of the Nigerian Education Loan Fund (NELFUND) has announced a 14-day postponement of the application process for student loans aimed at state institutions, citing low data submissions as the reason for the delay.
In a statement released on Tuesday by Nasir Ayitogo, Head of Media and Public Relations, NELFUND indicated that several state-owned institutions have not uploaded the necessary student data and fee information to the NELFUND Student Verification System (SVS).
To date, only a limited number of state institutions have completed the data submission process, including 20 out of 48 state universities, 12 out of 54 state colleges, and 2 out of 49 state polytechnics.
Ayitogo stated, “While we 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.”
Originally, the application window was scheduled to open on June 25, 2024. However, with the postponement, the new commencement date for the application process is July 10, 2024. This extension is intended to provide additional time for state institutions to meet the data submission requirements, ensuring their students can benefit from the Federal Government’s student loan scheme.
NELFUND emphasized the importance of complete and accurate data submissions to facilitate an efficient and error-free application process. The required information includes JAMB numbers, matriculation numbers, admission numbers, full names, levels, faculties, departments, program durations, fees, and gender of all eligible students.
“Incomplete or incorrect data submissions will result in application delays and potential disqualification for affected students,” Ayitogo warned.
The fund urged all state institutions to expedite their data submission processes and ensure the accuracy of the information provided. This measure is essential to avoid any further delays and to ensure that all eligible students can access the loan scheme without unnecessary obstacles.
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