Nigerian students await as student loan portal goes live May 24… Here’s how to apply
As Nigerian students await the portal opening to apply for student loan, Mr Akintunde Sawyerr, the Managing Director of the Nigerian Education Loan Fund (NELFUND), has explained that a maximum of 1.2 million students across federal tertiary institutions will access the students loan in the first phase.
Sawyerr, while speaking ahead of the Friday opening of the portal for applications, said the first phase will be officially open for students in federal institutions whose institutions have completed the uploading of their data.
Sawyerr also noted that the loan application process has been streamlined to ensure easy access for all eligible students in federal tertiary institutions, adding that prospective applicants can begin their application process effective from the 24th of May, 2024.
After initial setbacks, President Bola Ahmed Tinubu signed the Student Loan Bill into law in April.
Meanwhile, the president appointed
astute businessman and successful banker Jim Ovia, as chairman of the body in charge of the loan, one month after signing the bill into law.
However, the Managing Director of NELFUND, Akintunde Sawyerr, at a pre-application sensitisation briefing, gave a breakdown of how applicants can request for the facility.
STEPS ON HOW TO APPLY FOR STUDENT LOAN
Are you eligible and interested in the loan?
The loan application portal is available on the NELFUND website. Interested applicants should log into www.nelf.gov.ng to access the loan.
Account Creation
Applicants must create accounts or log in using their existing credentials if they have existing accounts.
Information
Applicants should fill out the required information, including personal details, academic information and financial need.
Requirements
Joint Admissions and Matriculation Board (JAMB) admission letter
National Identification Number (NIN)
Bank Verification Number (BVN)
Submission
After submitting the application, applicants will receive confirmation emails with further instructions.
How to Apply:
Log into the portal: The loan application portal is available on the NELFUND website (www.nelf.gov.ng). Log on to the Students Loan portal on the website.
Create an Account: On the Loan portal, create an account or log in using your existing credentials if you have created an account before.
Documents Required: Applicants will require the following documents to complete their loan application:
– Joint Admissions and Matriculation Board (JAMB) admission letter
– National Identification Number (NIN)
– Bank Verification Number (BVN)
Complete the Application: Fill out the required information, including personal details, academic information, and financial need.
Submit Your Application: Review your application thoroughly before submission. Once submitted, you will receive a confirmation email with further instructions.
