The students’ loan scheme in Nigeria has recently commenced with 126 federal tertiary institutions set to benefit in the first phase. This initiative by the Nigerian Education Loan Fund (NELFUND) aims to provide financial support to 1.2 million students from federal government-owned universities, polytechnics, colleges of education, and technical colleges. Here’s a detailed look at the scheme, eligibility criteria, and how students can apply.
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Overview of the Nigerian Education Loan Fund (NELFUND)
The Nigerian Education Loan Fund (NELFUND) was established to provide interest-free loans to students pursuing higher education in federal government-owned institutions across Nigeria. The primary objective is to alleviate the financial burden on students and ensure they have the necessary resources to complete their education.
You May Like to Know How to Apply for 2024 Student Loan Program www.nelf.gov.ng
Phase One: Benefiting Institutions
In its initial phase, the students’ loan scheme will cover 126 federal tertiary institutions. These include universities, polytechnics, colleges of education, and technical colleges spread across the country. Here is the comprehensive list of institutions participating in this phase:
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- Abubakar Tafawa Balewa University
- Adeyemi College of Education
- Ahmadu Bello University, Zaria
- Airforce Institute of Technology, Kaduna
- Akanu Ibiam Federal Polytechnic, Unwana, Afikpo, Ebonyi State
- Alvan Ikoku Federal University of Education, Owerri
- Bayero University Kano
- Creek-high state
- David Umahi Federal University of Health Sciences, Uburu
- Federal College of Agriculture, Akure
- Federal College of Animal Health and Production Technology, Ibadan
- Federal College of Animal Health, VOM
- Federal College of Education (Special) Oyo
- Federal College of Education (Technical), Akoka
- Federal College of Education (Technical), Asaba
- Federal College of Education (Technical), Gusau
- Federal College of Education (Technical), Omoku
- Federal College of Education (Technical), Potiskum
- Federal College of Education, Abeokuta
- Federal College of Education, Bichi
- Federal College of Education, Edo
- Federal College of Education, Gidan Madi
- Federal College of Education, Isu Ebonyi
- Federal College of Education, Kano
- Federal College of Education, Katsina
- Federal College of Education, Kontagora
- Federal College of Education, Odugbo
- Federal College of Education, Okene
- Federal College of Education, Pankshin
- Federal College of Education, Yola
- Federal College of Education, Zaria
- Federal College of Education, Zuba
- Federal College of Technology, Akure
- Federal College of Technology, Babura
- Federal College of Technology, Ikot Abasi
- Federal College of Technology, Minna
- Federal College of Technology, Owerri
- Federal College of Technology, Umunnoechi
- Federal College of Technology, Uyo
- Federal College of Technology, Wukari
- Federal Institute of Industrial Research, Oshodi, Lagos
- Federal Polytechnic Ado-Ekiti, Ekiti State
- Federal Polytechnic Ayede
- Federal Polytechnic Bali
- Federal Polytechnic Bauchi
- Federal Polytechnic Bida
- Federal Polytechnic Damaturu, Yobe State
- Federal Polytechnic Daura
- Federal Polytechnic Ede
- Federal Polytechnic Idah
- Federal Polytechnic Ile-Oluji
- Federal Polytechnic Ilaro
- Federal Polytechnic Kaltungo
- Federal Polytechnic Kazaure, Jigawa
- Federal Polytechnic Kaura Namoda
- Federal Polytechnic Nasarawa
- Federal Polytechnic Nekede
- Federal Polytechnic N’yak, Shendem
- Federal Polytechnic Offa
- Federal Polytechnic Ohodo
- Federal Polytechnic Oko
- Federal Polytechnic Ukana
- Federal Polytechnic Umunnoechi
- Federal Polytechnic of Oil and Gas, Bonny
- Federal Polytechnic Ugep
- Federal Polytechnic Wannune
- Flexisaf University of Technology
- Global Maritime Academy
- Kaduna Polytechnic
- Michael Okpara University of Agriculture, Umudike
- Modibbo Adama University of Technology, Yola
- National Institute of Construction Technology and Management, Uromi
- National Open University
- National Teachers Institute
- Nigeria Police Academy Wudil
- Nigerian Army College of Education
- Nigerian Army College of Environmental Science and Technology
- Nigerian Army University, Biu
- Nigerian Defence Academy
- Nigerian Maritime University, Okerenkoko
- Nnamdi Azikiwe University, Awka
- Obafemi Awolowo University
- Petroleum Training Institute
- Umar Suleiman College of Education, Gashua
- University of Agriculture, Makurdi
- University of Agriculture, Abeokuta
- University of Benin
- University of Calabar
- University of Ibadan
- University of Ilorin
- University of Jos
- University of Lagos
- University of Maiduguri
- University of Nigeria, Nsukka
- University of Petroleum Resources, Effurun, Warri
- University of Port Harcourt
- University of Uyo
- Usman Danfodio University, Sokoto
- Waziri Umaru Federal Polytechnic, Birnin-Kebbi
- Yaba College of Technology
Read More on Full Universities List
This list includes universities, polytechnics, colleges of education, and other technical colleges participating in the first phase of the students’ loan scheme.
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Application Process
Eligibility Criteria
To qualify for the interest-free loan, students must meet the following criteria:
- Institution Eligibility: Only students from institutions that have completed and uploaded their students’ data to the NELFUND website are eligible to apply.
- Enrollment Status: Applicants must be enrolled in any of the 126 listed federal institutions.
- Application Window: Applications are open to students who complete their application within 15 to 30 minutes on the NELFUND website.
Application Procedure
Students interested in applying for the loan can do so through the official NELFUND website at www.nelf.gov.ng. The application process is designed to be user-friendly, with a streamlined process that ensures applications can be completed within a short timeframe. Applicants will need to provide their personal details, institution details, and any necessary financial information.
Deadline and Notifications
The application deadline for the first phase will be announced on the NELFUND website. It is crucial for students to monitor the website regularly for updates and announcements regarding their application status.
Managing Director’s Comments
According to Akintinde Sawyerr, Managing Director/Chief Executive Officer of NELFUND, the scheme is a testament to the commitment of the federal government towards supporting education in Nigeria. He emphasizes that this initiative will ensure that no deserving student is left behind due to financial constraints.
Future Phases and Expansion
While the current phase covers federal government-owned institutions, plans are underway to include state-owned tertiary institutions in subsequent phases. Details regarding the expansion of the scheme will be announced in due course on the NELFUND website.
Conclusion
The students’ loan scheme initiated by NELFUND presents a significant opportunity for students across federal institutions in Nigeria to access interest-free loans and support their higher education journey. With a streamlined application process and clear eligibility criteria, this initiative aims to ease the financial burden on students and enable them to focus on their studies.
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