22 State-Owned Institutions Cleared For Student Loan - NELFUND

 

The Nigerian Education Loan Fund (NELFUND) has announced that 22 more state-owned tertiary institutions will benefit from the student loan scheme.

 

NELFUND stated this on its X handle on Wednesday.

 

“This followed a review by the committee responsible for the Student Verification System. Prior to this, 86 state-owned institutions were cleared, bringing a total of 108 institutions whose students are now able to apply,” the statement posted via @NELFUND on X said.

 

The onboarding of the 22 state-owned institutions brings the total number of approved state institutions to 108.

 

The implementation of the student loan scheme is President Bola Tinubu’s flagship project in the education sector.

 

Barely a month after his inauguration as president, Tinubu signed the Access to Higher Education Act, which creates a legal framework for granting loans to indigent or low-income Nigerians to facilitate the payment of their fees in Nigerian tertiary institutions.

 

The law, reenacted earlier this year, created the Nigerian Education Loan Fund.