{"id":72790,"date":"2025-08-11T10:37:40","date_gmt":"2025-08-11T10:37:40","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=72790"},"modified":"2025-08-11T10:37:40","modified_gmt":"2025-08-11T10:37:40","slug":"nelfund-disburses-%e2%82%a686-3-billion-in-student-loans-to-449039-beneficiaries","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2025\/08\/11\/nelfund-disburses-%e2%82%a686-3-billion-in-student-loans-to-449039-beneficiaries\/","title":{"rendered":"NELFUND Disburses \u20a686.3 Billion in Student Loans to 449,039 Beneficiaries"},"content":{"rendered":"<p><strong>By Onilede Titi Faith<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>The Nigerian Education Loan Fund (NELFUND), has disbursed \u20a686.3 billion to support the educational aspirations of 449,039 students nationwide.<\/p>\n<p>&nbsp;<\/p>\n<p>The initiative, which offers interest-free loans covering tuition fees and upkeep allowances, reflects the government\u2019s commitment to expanding access to tertiary education.<\/p>\n<p>&nbsp;<\/p>\n<p>Since the launch of its digital portal in May 2024, NELFUND has recorded strong participation, with 635,000 students registering and a 92% application success rate.<\/p>\n<p>&nbsp;<\/p>\n<p>In its first year, the fund distributed \u20a656.85 billion to 298,124 beneficiaries, \u20a630.18 billion for tuition across 198 institutions and \u20a626.63 billion as living stipends.<\/p>\n<p>&nbsp;<\/p>\n<p>By mid-July 2025, total disbursement had risen to \u20a677 billion, reaching 396,252 students. Of this, \u20a641.7 billion was allocated to tuition payments for 210 institutions, while \u20a635.3 billion went directly to students for upkeep.<\/p>\n<p>&nbsp;<\/p>\n<p>The latest cumulative figure of \u20a686.3 billion, benefiting nearly 450,000 students, highlights NELFUND\u2019s growing reach and its role in reducing financial barriers for underprivileged students, thereby helping to democratize access to higher education.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Onilede Titi Faith &nbsp; The Nigerian Education Loan Fund (NELFUND), has disbursed \u20a686.3 billion to support the educational aspirations of 449,039 students nationwide. &nbsp; The initiative, which offers interest-free loans covering tuition fees and upkeep allowances, reflects the government\u2019s commitment to expanding access to tertiary education. &nbsp; Since the launch of its digital portal [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":72791,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[],"class_list":["post-72790","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/72790","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\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=72790"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/72790\/revisions"}],"predecessor-version":[{"id":72792,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/72790\/revisions\/72792"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/72791"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=72790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=72790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=72790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}