The Nigerian Education Loan Fund (NELFUND) has announced plans to publish the full list of institutions that have submitted their complete student data for upload onto the NELFUND Student Verification System (SVS). The list, which includes both federal and state-owned institutions, will be made public on June 24, 2024.<\/p>\n
In a statement released on Thursday by the Head of Media, Nasir Ayitogo, NELFUND emphasized that the publication aims to ensure transparency and encourage active participation from both undergraduate applicants and tertiary institutions. The move is part of a broader effort to streamline access to education loans.<\/p>\n
\u201cIt is commendable that many federal institutions have already completed this exercise in the first wave, and the process of uploading data to the NELFUND SVS is ongoing for state-owned institutions,\u201d Ayitogo stated.<\/p>\n
To access the fund, applicants must have their details included in their institution\u2019s data submission to NELFUND SVS. This inclusion is crucial for the automatic verification process, which, if incomplete, would invalidate the application and disadvantage the applicants. NELFUND stressed the importance of the accuracy and completeness of the information provided by tertiary institutions.<\/p>\n
The initiative follows President Bola Tinubu\u2019s signing of the Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024, into law on April 3. This new legislation, replacing the 2023 Act, establishes NELFUND as a corporate body tasked with managing and investing funds to provide loans for higher education, vocational training, and skills acquisition to Nigerian students.<\/p>\n
The Act, titled “A bill for an Act to repeal the Students Loans (Access to Higher Education) Act, 2023 and Enact the Student Loans (Access to Higher Education) Bill, 2024 to Establish the Nigerian Education Loan Fund,” empowers NELFUND to offer financial support for tuition, fees, charges, and upkeep to qualified students attending approved public tertiary institutions and vocational establishments.<\/p>\n
The signing ceremony was attended by the leadership of the National Assembly, ministers, and key stakeholders in the education sector, highlighting the government\u2019s commitment to improving access to higher education and vocational training for Nigerians.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Nigerian Education Loan Fund (NELFUND) has announced plans to publish the full list of institutions that have submitted their complete student data for upload onto the NELFUND Student Verification System (SVS). The list, which includes both federal and state-owned institutions, will be made public on June 24, 2024. In a statement released on Thursday […]<\/p>\n","protected":false},"author":7,"featured_media":34723,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[183],"tags":[],"class_list":["post-34720","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/34720","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=34720"}],"version-history":[{"count":5,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/34720\/revisions"}],"predecessor-version":[{"id":34734,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/34720\/revisions\/34734"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/34723"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=34720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=34720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=34720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}