The Nigerian Education Loan Fund on Tuesday, said it has postponed application from state owned institutions by 14 days, due to inadequate data submissions.
A statement by the Fund in Abuja said the decision was necessitated by the failure of several state-owned institutions to upload the required student data and fee information to the NELFUND Student Verification System.
“To date, only a limited number of state-owned institutions have successfully completed the data submission process. 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 Fund stated that the extension would afford additional time for state institutions to comply with data requirements in other to benefit from the Federal Government student loan scheme.
The requirements includes letter from JAMB, and numbers, matriculation numbers, admission numbers, full names, level, faculties, departments, duration of program, fees, and gender of all eligible students.
The Fund said Incomplete or incorrect data submissions will result in application delays and potential disqualification for affected students.
The fund urged all state institutions to expedite their data submission processes and ensure the accuracy of the information provided.
It further warned that Institutions that fail to meet the revised deadline risk disadvantaging their students, who depend on these loans to support their education.
