Deadline Alert: NELFUND Announces 2023/2024 Student Loan Closure – Apply Now

The Nigerian Education Loan Fund (NELFUND) has officially announced the deadline for the 2023/2024 student loan application, with the portal set to close on February 21, 2025. This marks the final opportunity for eligible students to secure financial assistance for their academic expenses. Failure to apply before the deadline means missing out on tuition fee coverage and upkeep allowances for this academic session.

As the deadline approaches, students are advised to submit their applications as soon as possible to avoid last-minute rushes, technical issues, or disqualification due to incomplete documentation.

Key Details About the NELFUND Loan Deadline

• The 2023/2024 student loan application portal will close on February 21, 2025.
• Late applications will not be accepted after this date.
• The 2024/2025 student loan application will commence on February 22, 2025.

NELFUND Student Loan Eligibility: Who Can Apply in 2024/2025?

5 Costly Mistakes to Avoid When Applying for NELFund Student Loan

Why Is the NELFUND Loan Important?

The NELFUND student loan is a government-backed initiative designed to help Nigerian students cover essential academic costs. The loan is structured to provide:

1. Institutional Charges – Payment of tuition fees and other mandatory school charges directly to the institution.
2. Upkeep Allowance – Funds disbursed to students to cover living expenses during their studies.

This initiative aims to ensure that financial constraints do not hinder students from completing their education. However, missing the application deadline means students will have to wait for the next academic session to reapply.

What Happens If You Miss the Deadline?

If you do not apply before February 21, 2025, you will not be able to access the student loan for the 2023/2024 academic year. This could mean:

• Paying tuition and other charges out of pocket, which may be difficult for some students.
• Delays in academic progression if students are unable to afford fees.
• Missed opportunity for upkeep allowance, which provides essential financial support for daily living expenses.

To avoid these challenges, students must apply immediately and ensure they meet all requirements before the portal closes.

How to Apply for the NELFUND Student Loan Before the Deadline

To successfully submit your application before the deadline, follow these steps:

1. Visit the official NELFUND portal – Go to nelf.gov.ng and click APPLY NOW.
2. Verify your eligibility – Enter your Matric Number and select your school. If your details appear, proceed with the application. If not, wait for your school to submit the student list.
3. Upload necessary documents – You will need:
   • Scanned admission letter (mandatory for new students).
   • Scanned student ID card (optional but recommended for easier verification).
4. Complete your application – Carefully fill out all required fields and review your information before submitting.
5. Submit before the deadline – Ensure you apply well before February 21, 2025, to prevent last-minute issues such as system downtime or incomplete submissions.

For official updates and inquiries, visit nelf.gov.ng and follow NELFUND’s social media pages for announcements.