16 more state-owned schools approved for student loan

Sixteen more state-owned tertiary institutions have been approved for the student loan scheme under the coordination of the Nigerian Education Loan Fund.

In a post on X, the Fund via its official handle, @NELFUND, noted on Thursday that the addition of the 16 institutions brings the total number of registered state-owned institutions to 86.

“Following our previous announcements onboarding 70 state-owned tertiary institutions to the Nigerian Education Loan Fund Student Loan applications portal, we are delighted to share that an additional 16 state-owned institutions have now been added to the portal.

“This brings our total to 86 state-owned institutions, further expanding the reach and impact of our student loan programme.

“Again, we are urging institutions that have yet to submit their accurate and complete student data to do so timely for their students to benefit from the programme.”

No fewer than 1.2 million students are expected to benefit from the cardinal programme of President Bola Tinubu’s administration.

The President approved N35bn for the take-off of the scheme after signing the law backing the scheme on  April 3.

The government began the disbursement of the loan for qualified students last week.

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