More Facts About The Nigeria Student Loan

 


The Nigerian Education Loan Fund (NELFUND) provides eligible students with an annual loan of ₦500,000 to cover tuition fees, amounting to ₦2 million over a typical four-year course. 

In addition to covering tuition, NELFUND offers a monthly upkeep stipend to assist with living expenses during studies. As of August 2024, beneficiaries have been receiving ₦20,000 per month. 

This financial support aims to alleviate the economic challenges faced by students, enabling them to focus on their education without the burden of financial constraints.

For more detailed information on the student loan scheme, including eligibility criteria and application procedures, you can visit the official NELFUND website: https://nelf.gov.ng/

To gain a deeper understanding of Nigeria's new student loan scheme, you might find the following video informative:

https://youtu.be/MyBKTnbG2BE?si=D_AyVFyjPAVNwAJM

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