The Federal Government announced that the student loan application portal will open on May 24, 2024. The Nigerian Education Loan Fund shared this news on Thursday night.
President Bola Tinubu is committed to making education accessible for all Nigerian students. This is an important step in his efforts.
In June 2023, President Tinubu signed the Access to Higher Education Act. This law helps poor students get interest-free loans for their education in any Nigerian university.
The goal is to make education funding more open. The Students Loan Law created the Nigerian Education Loan Fund to manage loan applications, grants, disbursements, and recoveries.
Although the government planned to launch the scheme in September, it faced delays. The delays were due to expanding the scheme to include loans for vocational skills.
President Tinubu believes that skill acquisition is as important as university education. On January 22, he told the Nigerian Education Loan Fund to include skill-development programs in their loans.
This scheme is for all young Nigerians. It supports those who want to be professionals and those who want to develop skills. The portal will help students apply for loans easily. It is user-friendly and simple to use.
Eligible students should take this chance to invest in their future. They can start their application on www.nelf.gov.ng.
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FAQs
When will the student loan application portal open
The portal will open on May 24, 2024.
Who can apply for the student loans
All Nigerian students can apply, including those who want to develop vocational skills.
What kind of loans are available
Interest-free loans are available for education and skill-development programs.
How can I apply for the loan
You can apply on the portal at www.nelf.gov.ng.
Is the portal easy to use
Yes, the portal is user-friendly and simple to navigate.
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