The Nigerian Education Loan Fund has announced a 14-day postponement of the application process for student loan for state institutions.
The agency said the postponement was due to low data submissions.
According to the agency, many state-owned institutions had failed to upload the required student data and fee information to the NELFUND Student Verification System.
These include 20 state universities out of 48, 12 state colleges out of 54, and 2 state polytechnics out of 49.
“While we acknowledge the efforts of these institutions, the failure to submit data from the remaining state institutions poses significant challenges to ensuring a seamless and accurate verification process for student loan applicants.
“The application window, initially set to open on June 25, 2024, will now commence on July 10, 2024,” the statement said.
The Fund said the extension will provide additional time for state institutions to comply with the data submission requirements and ensure their students can benefit from the Federal Government student loan scheme.
The fund urged all state institutions to expedite their data submission processes and ensure the accuracy of the information provided.
The Fund further warned that institutions that fail to meet the revised deadline risk putting their students, who depend on these loans to support their education, at a disadvantage.
