The Nigeria Education Loan Fund (NELFUND) has said it received 9,687 applications for the student loan within 24 hours of which 7,975 are completed applications.
The agency said these were the highest student loan applications it received within the span of 24 hours.
The organisation said this in a statement by its Director, Corporate Communications, Mrs. Oseyemi Oluwatuyi on Wednesday in Abuja.
According to the organisation, the surge in applications underscored the critical role that NELFUND plays in enabling access to higher education for students facing financial challenges.
The statement said: “The Management of Nigeria Education Loan Fund (NELFUND) under the leadership of its Managing Director/CEO, Mr Akintunde Sawyerr is pleased to announce that it has received the highest student loan application within the span of 24 hours.
“Within the last 24 hours, the fund recorded a total of 9,687 student registrations, of which 7,975 are completed loan applications. This marks the highest in one day since the launch of the student loan application portal on the 25th May 2024.
“This overwhelming surge in interest, underscores the critical role that NELFUND plays in enabling access to higher education, for students facing financial challenges.
“The high number of applications confirms the fact that financial constraints are a major issue that many aspiring higher education students are facing. It reinforces the importance of NELFUND’s work in providing the necessary support to Nigerian youth.
“The Fund recorded this significant milestone in its mission to support students struggling with tertiary education financing across the nation. It is in line with the vision and action of President Bola Ahmed Tinubu (GCFR).
“Since the opening of the student loan application portal, NELFUND has recorded and steady and consistent influx of applications, highlighting the pressing need for financial assistance among Nigerian students.
“The Fund hereby urges all students who are experiencing financial difficulties to take advantage of this well intended opportunity provided by The President, His Excellency, Bola Ahmed Tinubu.
“Eligible students are therefore encouraged to apply for the loan through the NELFUND portal.
“NELFUND’s streamlined application process is designed to be user-friendly, ensuring that students can easily access the support they need.
“The dedicated support team is available to assist applicants throughout the process, providing guidance and answering any questions they may have.
“This milestone is not just a testament to the effectiveness of the Fund’s outreach and the trust that students place in the program and the President’s pronouncement, but also a call to action for those who have not yet applied.
“For more information on how to apply for a student loan, please visit our website: www.nelf.gov.ng or contact us via our verified social media handles.”
