The Nigerian Education Loan Fund NELFUND has announced a 14-day postponement of the application process for student loans for state institutions, citing “low data submissions.”
The delay was prompted by the failure of many state-owned institutions to upload necessary student data and fee information to the NELFUND Student Verification System.
According to a statement from the agency in Abuja, only a limited number of institutions have completed the data submission process, with just 20 out of 48 state universities, 12 out of 54 state colleges, and 2 out of 49 state polytechnics meeting the requirements so far.
It further added that this lack of compliance poses significant challenges to ensuring a seamless and accurate verification process for student loan applicants. Consequently, the application window, originally set to open on June 25, 2024, has been rescheduled to July 10, 2024.