The Nigerian Education Loan Fund (NELFUND) said the application portal for the 2024/2025 academic session will officially close on Tuesday, according to the Managing Director, Akintunde Sawyerr, during a press conference.
He said, “”NELFUND remains committed to removing financial barriers for students and working with institutions to ensure that no eligible student is left behind.
“These timelines provide clarity for students, parents, and institutions to plan and participate fully in the process.”
He further noted this was to enable the Fund to conclude the processing of pending applications and upkeep, adding that the loan portal will reopen in the second week of October and remain open until January 2026 for fresh applications.
Sawyerr urged tertiary institutions to update the records of students via the Student Verification System to ensure applicants can access the scheme.
According to him, all unverified applications for the 2024/2025 session would be automatically cancelled from October 8, and he added that affected applicants would be required to reapply under the new session.
Regarding the N20, 000 upkeep stipends, he stated that the stipend payment for the 2024/2025 session would continue until November; however, students should reapply for 2025/2026 to keep receiving payments.