NELFUND

President Bola Tinubu has directed that liquid funds recovered by the Economic and Financial Crimes Commission (EFCC) be transferred to the Nigerian Education Loan Fund (NELFUND). The Federal Executive Council (FEC) has also approved the transfer of unclaimed...

President Bola Tinubu commends NELFUND for successfully implementing the Federal Government's Student Loan Scheme, describing it as a game-changer in expanding access to higher education. The Fund announces that more than ₦303 billion in interest-free loans has been...

June 29 (THEWILL) — The Nigerian Education Loan Fund (NELFUND) has vowed to take action against tertiary institutions withholding tuition fee refunds due to students under the Federal Government's Student Loan Scheme, while condemning arbitrary increases in tuition and...

June 13, (THEWILL) — TThe Nigerian Education Loan Fund (NELFUND) has announced that no fewer than 1.5 million students across 288 tertiary institutions in Nigeria have benefited from its student loan scheme, with more than ₦282 billion disbursed so...

May 29 (THEWILL) — The Nigerian Education Loan Fund (NELFUND)) has debunked viral reports circulating across social media platforms alleging that the Federal Government has suspended the payment of student loans and upkeep allowances under the national student loan...

January 13, (THEWILL) — The Nigerian Education Loan Fund (NELFUND) has recorded a major milestone in its student loan programme, disbursing ₦161.97 billion to 864,798 students nationwide, with over 1.36 million applications received since the launch of its student...

December 14, (THEWILL) — In a nation where public confidence in government institutions has reached worrying lows, an unexpected source of hope has emerged from within the federal bureaucracy itself. The Nigerian Education Loan Fund, established under the Students...

November 11, (THEWILL) — The Federal Government has announced key advancements in youth development and education, confirming the disbursement of over N116 billion in student loans and the registration of nearly two million Nigerians for the 3 Million Technical...

November 02, (THEWILL) — The Nigerian Education Loan Fund (NELFUND) has crossed a major milestone, recording over one million student loan applications less than a year after the official launch of its portal on May 24, 2024. The student loan...

October 21, (THEWILL) — The Nigerian Education Loan Fund (NELFUND) has announced the opening of its online application portal for the 2025/2026 academic session, giving both new and returning students access to apply for financial assistance under the federal...