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Student loan: NELFUND to close 2023/2024 application cycle Feb. 21
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NELFUND, the Nigerian Education Loan Fund, announced the closure of its 2023/2024 student loan application cycle on February 21, 2025, with the 2024/2025 cycle set to begin on February 22. Managing Director Akintunde Sawyerr highlighted the fund's achievements, including processing over 364,000 applications and disbursing N22.7 billion for institutional fees and N12.8 billion for monthly upkeep support, benefiting over 215,000 and 169,000 students, respectively. Sawyerr assured applicants that all submitted applications would be processed fairly. Additionally, NELFUND plans to update its system and students' database to identify dropouts receiving stipends, with updates ongoing in collaboration with educational institutions.
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