Student Loan Application System, SLAS, has now been fully digitised to streamline and accelerate the student loan processing experience for institutions and applicants.

Disclosing this in a statement issued to newsmen in Abuja, recently, NELFUND said with this upgrade, all accredited institutions are now required to request access to SLAS to verify and upload student data related to loan applications.

According to the Fund, this is a critical step that ensures the timely processing and disbursement of approved student loans.

“Institutions that have not yet on boarded onto the system are kindly requested to send an access request to [email protected] without delay. Once granted access, institutions will be able to view a real time dashboard of their students’ loan applications, verify submitted data, and track the status of each application.

“We urge all institutions to take immediate action in the interest of their students, as verification and data upload by the institutions are mandatory steps before final approval and disbursement can be completed.”

Addressing students, NELFUND said, “To our successful student applicants, please note:

If your loan portal status currently shows “Verified,” this indicates that your application has successfully passed initial checks. However, final approval and disbursement are subject to confirmation and upload of your data by your institution. Once this process is completed, your status will be updated to “Disbursed” when the payment of your fees has been processed.

“We appreciate the cooperation of all institutions and the patience of our student beneficiaries as we continue to streamline and digitise the student loan experience for greater transparency, efficiency, and accountability.”