Akintunde Sawyerr, the Managing Director of the Nigerian Education Loan Fund (NELFUND), mentioned that in the initial phase, a maximum of 1.2 million students from federal tertiary institutions will be able to access student loans.
He stated that only students enrolled in federal tertiary institutions that have completed uploading their data can apply in this phase.
Sawyerr emphasized the simplification of the loan application process to ensure easy access for eligible students in federal tertiary institutions.
Noteworthy features of the student loan include a user-friendly online portal, comprehensive online support, and flexible repayment options. The loan will cover 100 percent of institutional fees directly to the institutions and provide monthly stipends to students during the academic session.
He encouraged students in federal institutions to seize this opportunity for financial assistance by submitting their applications early for prompt processing.
Akintunde Sawyerr, the Managing Director of the Nigerian Education Loan Fund (NELFUND), mentioned that in the initial phase, a maximum of 1.2 million students from federal tertiary institutions will be able to access student loans.
He stated that only students enrolled in federal tertiary institutions that have completed uploading their data can apply in this phase.
Sawyerr emphasized the simplification of the loan application process to ensure easy access for eligible students in federal tertiary institutions.
Noteworthy features of the student loan include a user-friendly online portal, comprehensive online support, and flexible repayment options. The loan will cover 100 percent of institutional fees directly to the institutions and provide monthly stipends to students during the academic session.
He encouraged students in federal institutions to seize this opportunity for financial assistance by submitting their applications early for prompt processing.
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