The Nigerian Education Loan Fund has once again extended the due date for its student loan application portal for the 2025/2026 scholastic session, following requests from numerous tertiary institutions looking for additional time.
According to a statement released on Thursday by the Fund’s Director of Strategic Communications, Oseyemi Oluwatuyi, the extension will use only to institutions that formally requested more time to enable their trainees finish the application procedure.
“The Nigerian Education Loan Fund has approved an extension of its Student Loan Application Website for organizations that have officially requested extra time for the 2025/2026 scholastic session,” the declaration stated.
The advancement is anticipated to provide eligible students in the affected institutions more time to submit their loan applications through the main website.
Speaking on the choice, the Handling Director and President of NELFUND, Akintunde Sawyerr, reaffirmed the company’s dedication to ensuring that certified trainees across taking part organizations are able to take advantage of the scheme.
According to him, the extension shows the Fund’s determination to support institutions and students while guaranteeing more comprehensive access to the programme.
“NELFUND stays dedicated to guaranteeing that eligible trainees throughout participating institutions have the opportunity to access the trainee loan program,” Sawyerr said.
The Fund also motivated trainees in institutions covered by the extension to use the extra time to finish their applications.
NELFUND stressed that the student loan initiative is created to promote openness and accountability while providing sustainable financial support to students who might otherwise struggle to money their education.
The agency kept in mind that the program forms part of more comprehensive efforts to eliminate financial barriers that avoid lots of Nigerians from accessing college.
NELFUND was developed to carry out the Nigeria Student Loan Scheme following the enactment of the enabling legislation signed into law by President Bola Tinubu in April 2024.
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The scheme provides interest-free loans to students enrolled in public tertiary organizations across the country. The funds are planned to cover tuition fees as well as assistance trainees’ living expenditures throughout their studies.
Under the terms of the program, beneficiaries are expected to start repayment just after completing their studies and protecting work.
The initiative is targeted at enhancing access to tertiary education, particularly for students from low-income homes who deal with monetary troubles in pursuing university or polytechnic education.
By offering monetary assistance through loans rather than grants, the scheme is also designed to create a sustainable funding system that can support future generations of trainees.
NELFUND repeated that it will continue working with organizations and stakeholders to ensure the smooth application of the program while broadening opportunities for Nigerian trainees to pursue college without financial constraints.