Nigerian Education Loan Fund, NELFUND, has announced a 14-day postponement for the application process of students in the state-owned institutions for the student loans.
According to NELFUND, the postponement is due to low data submissions.
This was contained in a statement by the Head, Media and Public Relations, Nasir Ayitogo, on Tuesday.
He said the decision was necessitated by the failure of several state-owned institutions, to upload the required student data. And also to access the fee information to the NELFUND Student Verification System (SVS).
Aytogo point out that to date, only a limited number of state-owned institutions have completed the data submission process. These, he said, include 20 State Universities out of 48. 12 State Colleges out of 54, and 2 State Polytechnics out of 49.
He said, “While we acknowledge the efforts of these institutions, the failure to submit data from the remaining State institutions poses significant challenges. As it is hampering the 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.
According to him, the extension will provide additional time for state institutions to comply with the data submission requirements. And to ensure their students can benefit from the Federal Government student loan scheme.
NELFUND, therefore, stated that it is crucial that all state institutions provide complete and accurate information. This is to facilitate an efficient and error-free application process.
The information, it said, includes JAMB numbers, matriculation numbers, admission numbers, full names, level, faculties, departments and duration of program. Other are fees and gender of all eligible students.
It, however, warned that, “Incomplete or incorrect data submissions will result in application delays. And lead to potential disqualification for affected students.”
The body, therefore, urged all State institutions, to expedite their data submission processes. And to ensure the accuracy of the information provided.
“Institutions that fail to meet the revised deadline risk disadvantaging their students. Who depend on these loans to support their education.
“The fund appreciates the cooperation of institutions that have already completed their submissions. And, therefore, encourage others to follow suit promptly,” it stated.
source: Channels TV
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