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STUDENT LOAN

The Economic and Financial Crimes Commission (EFCC) has released the sum of N50 billion to the Nigerian Education Loan Fund (NELFUND) from recovered assets to support the student loan scheme.  
The Nigerian Education Loan Fund (NELFUND) has commenced the distribution of N20,000 monthly stipends to beneficiaries, with 20,371 students from six tertiary institutions successfully receiving their July payments.  
President Bola Tinubu has said that he ordered the release of N50 billion each to the Nigeria Education Loan Fund (NELFUND) and the Nigerian Consumer Credit Corporation (CREDICORP) from the proceeds of crime recovered by the Economic and Financial Crimes Commission (EFCC). 
The Nigerian Education Loan Fund (NELFUND) has announced the ongoing disbursement of student loans, allocating a total of N2.5 billion to various institutions across the country. 
The Nigerian Education Loan Fund (NELFUND) has announced the onboarding of additional 12 state-owned tertiary institutions to the list of institutions eligible for student loan applications, effective Wednesday, July 10, 2024.
The Managing Director of the Nigerian Education Loan Fund (NELFUND), Akintunde Sawyerr, stated that they anticipate attracting between 250,000 to 300,000 applicants for the student loan scheme this year from the academic sector. 
The Federal Ministry of Education has announced a full-tuition Hong Kong scholarship program for students in Nigeria. 
The Management of the Nigerian Education Loan Fund (NELFUND) has announced the postponement of applications for state-owned tertiary institutions for the next 14 days.  
The Senate President, Godswill Akpabio, has announced that more than 30,000 Nigerian students have been selected to benefit from the student loan scheme introduced by President Bola Tinubu.
Nigerian Education Loan Fund has advised applicants facing difficulties to reapply for the student loan, adding that all technical issues affecting the website site have been resolved.
The federal government of Nigeria has announced its scholarship awards from the Italian Government for postgraduate applicants in the country. 
The Federal Government recently announced that the portal for student loan applications will officially open on Friday (today), May 24, 2024.  
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