FG to Open Student Loan Application Portal May 24

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The Federal government has announced that the portal for the application of student loan will be opened on May 24, 2024.

In a statement issued by the Media Lead of Nigerian Education Loan Fund (NELD) , Nasiru Ayantogo, the opening of the application portal marks a significant milestone in the commitment of President Bola Tinubu to “fostering accessible and inclusive education for all Nigerian students.”

According to Auantogo, through the portal, students can now access loans to pursue their academic aspirations without financial constraints.

He said the portal would provide a user-friendly interface for students to submit their loan applications conveniently.

“We encourage all eligible students to take advantage of this opportunity to invest in their future and contribute to the growth and development of our nation.

“Students can access the portal on to begin application”

On June 12, 2023, President Bola Tinubu signed the Access to Higher Education Act, 2023 into law, enabling indigent students to access interest-free loans for their educational pursuits in any Nigerian tertiary institution.

This initiative fulfilled one of Tinubu’s campaign promises to liberalize the funding of education, as noted by Dele Alake, a member of the Presidential Strategy Team.

The Act, commonly referred to as the Students Loan Law, also established the Nigerian Education Loan Fund (NELFUND) to handle the processing, granting, disbursement, and recovery of these loans.

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