The Nigerian Education Loan Fund (NELFUND) has said its upkeep loan disbursement is strictly tied to the academic session of each institution.
NELFUND said students shall only be entitled to upkeep loans for their current academic session.
” In line with this directive, students shall only be entitled to upkeep loans for their current academic session. Upon the conclusion of an institution’s academic year, upkeep payments for that session shall automatically cease. Consequently, students who transition into a new academic year will no longer receive upkeep disbursements for the preceding session.
“Furthermore, interested loan applicants are required to apply for the loan at the beginning of every academic session to be eligible for both institutional charges and upkeep for that particular session,” the Fund said.
It said to ensure accuracy and transparency, the NELFUND loan portal is being automated to reflect this adjustment, adding that, the portal will henceforth display only the upkeep loans that have been collected by each student within the relevant session.
“Institutions are therefore strongly advised to upload their academic calendars and session information in a timely manner to guarantee that their students receive the full upkeep benefits due to them for an entire academic year.
“NELFUND remains committed to its mandate of providing accessible, transparent, and efficient loan support to Nigerian students, and counts on the cooperation of all stakeholders in the smooth implementation of this directive.
For further inquiries or assistance, please contact us via email at [email protected] or reach out through our official social media platforms:
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