It’s official!!!

Nigeria student loan portal go live.

Website: https://nelf.gov.ng/

CC: Mynd44

Steps to follow!

Am not interested

freemanq:
Am not interested

Nobody care bro.

NELFUND – FREQUENTLY ASKED QUESTIONS
 
The Frequently Asked Questions below is our attempt to answer common questions that the applicants may have regarding the Students’ Higher Education Loan in a brief and easy-to-understand way.
 
1. What is the Students Loans (Access to Higher Education) Act, 2024?
The Student’s Loan Act is an Act of the Parliament that makes it possible for Nigerian students to access zero interest loans to enable them pay for institutional charges and upkeep to any higher institution of their choice within Nigeria.
 
2. Is the Student’s Loan the same as the Nigerian Education Bank?
No. The Student’s Loan Act has repealed the Nigerian Education Bank Act and established a framework for providing zero interest loans to eligible Nigerian students who desire to study at any institution of higher education.
 
3. Who administers the loans to the students?
The loans will be administered by the Nigerian Education Loan Fund (NELFUND), which is the body established by law to carry out the day-to-day activities of the Fund. It is headed by a Managing Director, appointed by the President of Nigeria.
 
4. Is the loan open to all tertiary institutions?
The Loan is open to all public tertiary Institutions. The first phase of the loan is open to only students studying/desiring to study in federal higher institutions in Nigeria. The other phases will be announced in due course.
 
5. Who is eligible to apply for loans under this Act?
Students who have secured admission into all Public Nigerian universities, polytechnics, colleges of education, or vocational schools, with a proof of admission that includes Name, Date of Birth, Admission, JAMB number, Matriculation number, and BVN.
All new and existing students within the institution above can apply for the loan.
 
6. Can a Direct Entry Student into higher institutions apply for the loan?
Yes, but such student must have a JAMB number.
 
7. Will the loan be available for all students or only applicants?
All full-time students are eligible for the loan but only applicants will benefit from the loan.
 
8. How much loan are students allowed to apply for?  
That would be determined by the institutional charge of each Institution. The loan will cover the cost of institutional charges and upkeep if required by the student. The institutional charges will be remitted directly to the applicants’ institutions and the upkeep will be paid to the applicant on a monthly instalment basis.
 
9. Will the applicant be required to make any payment before the loan is disbursed?
No payment is required before the disbursements of the loan.
 
10. Is there an interest payable on the loan?
Zero interest on the loan.
 
11. Is the loan open to every student?
The loan is open to new and existing full-time students in tertiary institutions.
 
12. How are loan applications processed, and what is the disbursement timeline?
Applications are done online. Applicants are required to input specific personal details that include:
 
i. Name of Institution of study
ii. Admission Number
iii. JAMB Number
iv. Date of Birth
v. NIN
vi. BVN
 
NELFUND will disburse within 30 days of approval of successful applications.
 
13. Is there age limit for applicants?
No
 
14. Who is responsible for the loan repayment?
The beneficiary of the loan is responsible for the repayment of the loan.
 
15. Is the loan applied for only once?
The loan will be applied for every academic session by the student.
 
16. How do applicants know their application is approved?
Applicants will receive a notification and the status of the loan application can be seen in the applicant’s profile on the portal.
 
17. When is the loan due for repayment?
The loan is due for repayment 2 years after the completion of NYSC
 
18. What happens if a beneficiary does not have job after two years post-NYSC?
The beneficiary should notify NELFUND by sworn court affidavit every 3 (three) months after two years post NYSC if still unable to gain employment.

All our brothers especially those ones called obi's supporters who don't want to end up being a gala seller or being executed abroad for drug trafficking..

They are also entitled to this credit..

Just say thank to president tinubu.,

There should be something like this for Nigerians who want to further their education abroad. It will be a loan that will be repaid with a reasonable interest in the future.

If you want to apply for student loans outside Nigeria, all lending institutions expect you to get a significant fraction of the money from your home country and won't believe you if you tell them that your country doesn't offer such services.

The fact of the matter is, Nigerians travelling abroad to further their education (MBA, MSc and PhD) are more likely to repay their loans with interest faster than those taking student loans to study and remain in Nigeria.

By and large, this idea is commendable and noble!

SoNature:
There should be something like this for Nigerians who want to further their education abroad. It will be a loan that will be repaid with a reasonable interest in the future.

If you want to apply for student loans outside Nigeria, all lending institutions expect you to get a significant fraction of the money from your home country and won't believe you if you tell them that your country doesn't offer such services.

The fact of the matter is, Nigerians travelling abroad to further their education (MBA, MSc and PhD) are more likely to repay their loans with interest faster than those taking student loans to study and remain in Nigeria.

By and large, this idea is commendable and noble!

Indians have something like that where they grant loan for people studying abroad. However, it is private run funding and they have alliance with most universities in USA and Canada to make sure students don’t just default after graduation.

I won’t advise FG to run that kind of loan. They will go broke the first year because Nigerians I know won’t even pay back so it’s better if private run agencies handle that.

Any Obidient that applies for this loan must be a Omo ale after they vigorously denigrated it. They be Mumu ! Tinubu is light years ahead of them.

freemanq:
Am not interested

Nnewi man Don talk...

Emergency lovers of Nigeria....

They love everything bad about Nigeria but hate any good news....

Went tru ur profile. Any good news about Nigeria disgust you bcox Ur fraudulent gay agulu master did not win

LegendHero:


Indians have something like that where they grant loan for people studying abroad. However, it is private run funding and they have alliance with most universities in USA and Canada to make sure students don’t just default after graduation.

I won’t advise FG to run that kind of loan. They will go broke the first year because Nigerians I know won’t even pay back so it’s better if private run agencies handle that.

See one of the obidents hypocrite....

This one cannot repent from hypocrisy again..... Na him go hate the good news, ńa him go still dey praise....

Bad belle man. So nature of hypocrisy

Heartache for some enemies of Nigeria that hate good news about the country.

SoNature:
There should be something like this for Nigerians who want to further their education abroad. It will be a loan that will be repaid with a reasonable interest in the future.

If you want to apply for student loans outside Nigeria, all lending institutions expect you to get a significant fraction of the money from your home country and won't believe you if you tell them that your country doesn't offer such services.

The fact of the matter is, Nigerians travelling abroad to further their education (MBA, MSc and PhD) are more likely to repay their loans with interest faster than those taking student loans to study and remain in Nigeria.

By and large, this idea is commendable and noble!

Some banks used to have a special loan for this back then. I remember that BankPHB (Now Keystone) to be specific had a student loan for people wanting to study abroad.

Pressure don dey, Oga accept NLC Minimum wage.

This is commendable.

How about doing something like this for SME to enable them to expand

Can Post graduate students apply?

Nice

Abdul05:
All our brothers especially those ones called obi's supporters who don't want to end up being a gala seller or being executed abroad for drug trafficking..

They are also entitled to this credit..

Just say thank to president tinubu.,

What about you and your ilks Tinubu rendered useless; I mean the thugs, hoodlums, and agberos. This is an opportunity to acquire some education, maybe just maybe you might become useful

Is there any need to say thank you to Tinubu for making you and your ilks useless and street urch*ns

Good.

Opportunity for Nigeria students to benefit from.

It's not propaganda, don't miss out if you are a student

Has anyone successfully applied? It's telling me my connection is poor.

Those who have been able to register successfully should try and post screenshots of the process. Make una make sure to blur una important details oo

MMWandali:
Can Post graduate students apply?

No, they cannot apply for now.

LegendHero:


Nobody care bro.

Indeed. Much like a stranger declaring online "I want to die". Most people will simply conclude "go ahead. Na your own wahala be dat".

No time for sadists and haters of Nigeria's progress. Lol.

MMWandali:
Can Post graduate students apply?

Logically, post-graduate degrees (not essential for employment or career commencement) should be self or scholarship-sponsored as obtains in most nations of the world.

@Topic.

Good and long overdue development towards securing quality higher education for majority of Nigerian youths.

All the many good policies and initiatives of Tinubu that haters of Nigeria and enemies of her progress have made deliberate attempt to discredit and belittle will be validated in due time by the say below.

My brother what is your headache about this now,I said am not interested.if it pains you so much go and enter River niger and rest there.

Mercylike:


Nnewi man Don talk...

Emergency lovers of Nigeria....

They love everything bad about Nigeria but hate any good news....

Went tru ur profile. Any good news about Nigeria disgust you bcox Ur fraudulent gay agulu master did not win

stages to follow!

MarketDispatch:
This is how Gov open doors to scammers.
Rather than use the full name nelfund.gov .ng so that it is not ambiguous.

They have used nelf.gov.ng

Scammers will now start setting up nelfund .com, nelfund.ng, nelfund gov.ng etc etc

You are just looking for loopholes.
Should government now register all the varieties you mentioned or should applicants source their info from legit source and use the internet well?

freemanq:
My brother what is your headache about this now,I said am not interested.if it pains you so much go and enter River niger and rest there.

Who gives a fvkc abt you.

Bitter Obirodents people

GBAJUE.. Emergency lovers

Dont mind them, myopic government.
Someone can even feign https://neif.gov.ng/

MarketDispatch:
This is how Gov open doors to scammers.
Rather than use the full name nelfund.gov .ng so that it is not ambiguous.

They have used nelf.gov.ng

Scammers will now start setting up nelfund .com, nelfund.ng, nelfund gov.ng etc etc