By EMMANUEL KUJE, Abuja-
Nigerian Education Loan Fund (NELFUND) has introduced new guidelines linking upkeep loan disbursements exclusively to the active academic session of each institution, ensuring stricter oversight and transparency.
In a statement released to journalists in Abuja on Thursday, NELFUND’s Director of Strategic Communications, Mrs. Oseyemi Oluwatuyi, explained, “Students will only be eligible for upkeep loans corresponding to their current academic session. Once an institution’s academic year ends, upkeep payments for that session will automatically stop.”
Oluwatuyi clarified that students advancing to a new academic year will no longer receive upkeep funds for the previous session.
“To qualify for both institutional charges and upkeep loans, applicants must apply at the start of each academic session,” she stated.
To enhance efficiency, NELFUND is automating its loan portal to reflect these changes.
“The portal will now only show upkeep loans collected by students for the relevant academic session, ensuring accuracy and transparency,” Oluwatuyi noted.
She urged institutions to promptly submit their academic calendars and sessional details to ensure students receive their full upkeep benefits for the academic year.
“NELFUND is dedicated to providing accessible and efficient loan support, and we rely on stakeholders’ cooperation to implement these changes smoothly,” she added.
For further assistance, NELFUND directed students to contact info@nelf.gov.ng or reach out via its official social media channels, including @nelfund on X, Instagram (@nelfund), and Facebook and LinkedIn (Nigerian Education Loan Fund).
