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Latest Update For Nigerian Students Loan Program NELFUND | 2023/2024 Portal Closure Date and 2024/2025 Portal Opening

Latest Update For Nigerian Students Loan Program NELFUND | 2023/2024 Portal Closure Date and 2024/2025 Portal Opening


The Nigerian Education Loan Fund (NELFUND) Latest Update regarding the closure and opening of student loan portals for the academic years 2023/2024 and 2024/2025.

2023/2024 Student Loan Portal Closure Date:

The portal for the 2023/2024 academic year will close on Friday, February 21, 2025. All pending applications will be processed.

2024/2025 Student Loan Portal Opening Date:

The portal for the 2024/2025 academic year will open on Saturday, February 22, 2025.

Note: Only students from institutions that have submitted their data to NELFUND will be eligible to apply.

To be eligible for the NELFUND student loan, applicants must meet several criteria:

  1. Applicants must be Nigerian citizens.
  2. They must be enrolled in recognized public tertiary institutions in Nigeria, which include universities, polytechnics, colleges of education, and vocational schools.
  3. Applicants must be at least 18 years old.
  4. They need to possess a valid National Identification Number (NIN) and a Bank Verification Number (BVN).
  5. Applicants must provide proof of admission, such as a JAMB admission letter, along with personal details like name, date of birth, matriculation number, and contact information.
  6. They must demonstrate financial need, showing they are unable to fund their education without assistance.

It's also worth noting that NELFUND has removed certain barriers that were previously in place, such as family income thresholds and the requirement for a guarantor, making the loan more accessible. 

For those who are in their final year, participation in the National Youth Service Programme might be required.

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