…Sets sept 30th as dealine
The Nigerian Education Loan Fund (NELFUND) has set a deadline for the closure of its application portal for the 2024/2025 academic session, marking the end of the current cycle.
This government-backed interest-free loan scheme aims to support Nigerian students in tertiary institutions by providing them with financial assistance.
In a statement released on Monday and also made available to journalist, the agency announced that the portal will stop receiving applications on Tuesday, September 30, 2025. After this date, no further student applications will be accepted for the current cycle.
However, the portal is set to reopen in the second week of October for the 2025/2026 academic session, remaining open until January 2026.
NELFUND emphasized the importance of institutions updating their students’ records on the Student Verification System (SVS) to facilitate the application process for the upcoming session. Any institution that has not started a new academic session within the specified window is advised to seek additional concessions from NELFUND to accommodate their students.
The agency warned that any unverified applications for the 2024/2025 session would be automatically canceled after October 8, 2025. Students in this category are urged to prompt their institutions to complete the verification process before the deadline to avoid their applications being discarded.
Furthermore, NELFUND highlighted that pending applications are yet to be approved or paid due to delays from some institutions in verifying student lists.
It is currently engaging with these institutions to resolve the issue but will name non-compliant schools after the deadline for transparency purposes.
Regarding upkeep disbursements for the current session, NELFUND stated that payments will continue until November 2025. However, students must reapply for the 2025/2026 academic session to receive further payments.
NELFUND’s Managing Director, Akintunde Sawyerr, reiterated the fund’s commitment to breaking down financial barriers for students and maintaining a seamless operational cycle.
He urged institutions to update student records promptly and students to complete their applications on time to ensure they benefit from the scheme.