The Nigerian Education Loan Fund has approved the disbursement of student loan to successful applicants. NELFUND held its inaugural board meeting on Wednesday, marking a milestone in its mission to support students with financial aid. Under the leadership of its Chairman, Mr Jim Ovia, the board approved the immediate disbursement of student loans to successful […]
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President Bola Tinubu recently signed the Students Loans (Access to Higher Education) Bill, 2024, into law, aiming to ease the financial burden on Nigerian students. However, not everyone is celebrating. Despite its noble intentions, some critics are wary, pointing to past failures and current economic challenges. The Act, an upgrade from its predecessor, promises to
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A total of 30,000 students have successfully registered for the student loan scheme. Similarly, over 60,000 individuals have registered on the website of the fund. The Managing Director of the Nigerian Education Loan Fund, Akintunde Sawyerr, made this known in a press briefing in Abuja on Thursday. On June 12, 2023, Tinubu signed the Access
JUST IN: 30,000 successfully registered for student loan – NELFund Read More »
President Bola Tinubu, on April 3, signed the Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024, into law. The assent was sequel to the separate considerations by both the Senate and the House of Representatives of the report of the Committee on Tertiary Institutions and the Tertiary Education Trust Fund. The
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Vice President Kashim Shettima has said President Bola Tinubu administration Student Loan Scheme is non-discriminatory and open to all those eligible. According to him, the programmes and policies of the administration of President Bola Ahmed Tinubu are focused on what works best for the country, given its present circumstances. “Every country’s journey is distinct. Every
Students loan scheme, non-discriminatory, says VP Shettima Read More »
The Managing Director\CEO of the Federal Government’s newly established Nigerian Education Loan Fund (NELFUND), Mr Akintunde Sawyerr, has declared that the loan facilities are conditional for students to access. He also established that students in private tertiary institutions, inmates in correctional centres nationwide and also Nigerian students schooling abroad are exempted from benefiting from the
Students’ loan not automatic for all public institutions’ students — MD, NELFUND Read More »
The National Association of Nigerian Students (NANS) is proposing a five-year grace period after the completion of the National Youth Service Corps (NYSC) for the initiation of repayment for participants in the Federal Government’s loan program. This proposition comes in response to concerns regarding the feasibility of expecting repayment to commence just two years after
NANS advocates five-year post-NYSC repayment period for student loans Read More »
The Federal Government has postponed the launch of the Nigerian Students Loan Scheme indefinitely. Akintunde Sawyer, the Executive Secretary of the Nigerian Education Loan Fund (NELFUND), stated this in an interview with ARISE NEWS. The loan which was formally slated to take off on Thursday, has been postponed again, as there are some corrections that
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The Nigerian Bar Association (NBA) has called upon President Bola Tinubu to create a conducive environment for graduates of higher institutions in the country to access employment opportunities. This appeal aims to ensure the success of the student loan scheme, according to Dr. Sunday Afolayan, the Chairman of the Ikere-Ekiti branch of the NBA. During
Student Loan: NBA urges Tinubu’s govt to secure employment opportunities for graduates Read More »
Seven days ago, President Bola Ahmed Tinubu signed into law the Student Loan (Access to Higher Education) bill offering students who are struggling financially with interest-free loans. The Act, which replaces the Nigeria Education Bank Act, makes federal loans available to needy students so they can pay for their tuition fees. The Access to Higher
Student Loan: Examining implications and lessons from around the world Read More »
Federal Government has ignored the Academic staff union of universities ahead of the implementation and disbursement of student loans which will begin in September The bill has previously met stiff opposition from the academic union and student bodies such as the National Association of Nigerian Students and workers’ unions, who described it as an attempt
Breaking News: FG ignores ASUU, set to begin giving student loans in September Read More »
The Students Loan Bill recently passed by the National Assembly recommended two years imprisonment or N500,000 or both for students who default in repayment or anyone found aiding defaulters. As part of efforts geared towards addressing funding challenges in the country’s tertiary institutions of learning, the National Assembly recently passed the Student Loan Bill, which
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