The Nigeria Education Loan Fund (NELFUND) has announced that it has received the highest number of student loan applications within 24 hours since the launch of its portal on May 25, 2024.
NELFUND, in a statement on Wednesday by its Director, Corporate Communications, Mrs. Oseyemi Oluwatuyi said the fund recorded 9,687 student registrations, with 7,975 completed loan applications on August 7, 2024.
The statement noted that the surge in interest in the loan highlights the crucial role NELFUND plays in enabling access to higher education for students facing financial challenges.
It further noted that the high number of applications underscores the pressing need for financial assistance among Nigerian students.
“Since the portal’s opening, NELFUND has seen a steady influx of applications, demonstrating the importance of its mission to support students struggling with tertiary education financing.
“This achievement aligns with President Bola Ahmed Tinubu’s vision and actions,” the statement said.
NELFUND further urged eligible students experiencing financial difficulties to take advantage of the opportunity.
It said the fund’s streamlined application process is designed to be user-friendly, with a dedicated support team available to assist applicants.
