NELFUND Student Loan

NELFUND Student Loan: Eligibility, Application, and Recent Dismbursement News

The Nigerian Education Loan Fund (NELFUND) represents one of the most significant investments in human capital by the Federal Government. Established to ensure that financial constraints do not deny any Nigerian student access to higher education, the scheme has seen massive updates and effective rollouts in 2026.

If you are a student in a federal or state tertiary institution, understanding how to access this fund is critical for your academic stability. This guide covers the latest eligibility rules, the application portal, and recent news on disbursements.

What is NELFUND?

NELFUND is a government-backed interest-free loan scheme. It covers:

1. Institutional Fees: Tuitions and departmental charges (paid directly to the school).

2. Upkeep Stipend: A monthly allowance for the student’s living expenses (paid to the student).

The loan is interest-free, and repayment only begins two years after the beneficiary completes the NYSC program, provided they are employed.

Eligibility Criteria (2026 Update)

To qualify for the NELFUND loan, you must meet the following requirements:

• Citizenship: You must be a Nigerian citizen.
• Admission: You must have secured admission into a public Nigerian University, Polytechnic, College of Education, or Vocational School established by the Federal or State Government.
• NIN and BVN: Possess a valid National Identification Number (NIN) and Bank Verification Number (BVN).
• No Criminal Record: Must not have been convicted of a felony or drug offenses.
• No Previous Default: Must not be indebted to any other loan organization (though NELFUND is lenient on small digital loans, major bad debt is a red flag).

*Note: The previous income cap on family earnings has been removed to allow more inclusivity.*

How to Apply on the NELFUND Portal

The application process is entirely digital to ensure transparency.

Step 1: Create an Account

Visit the official portal at nelf.gov.ng. Click on “Apply Now” and register using your JAMB registration number, NIN, and BVN.

Step 2: Verify Identity

The system will validate your details against the national database. Ensure your dates of birth on your NIN and JAMB records match.

Step 3: complete the Profile

Upload necessary details including your matriculation number, institution details, and passport photograph.

Step 4: Request for Loan

Select whether you want the Institutional Fee only or both the Fee and Upkeep.

• *Tip: Always request the upkeep if you need living support, but remember it increases the total debt.*

Step 5: Submit

Review your application and submit. You do not need a guarantor; your biometrics serve as the validation.

Recent Disbursement News (February 2026)

NELFUND has recently ramped up disbursements.

• University of Abuja & UNILAG: Students from these institutions recently confirmed receipt of upkeep allowances for the new session.
• State Institutions: The Fund has expanded specifically to state-owned universities in this quarter, following the initial focus on federal schools.
• Allegations and Clarifications: There have been rumors of “diversion” of funds. NELFUND management has firmly debunked these, stating that tuition fees are paid *directly* to institutional accounts to prevent misuse, while students receive their stipends directly.

Frequently Asked Questions

Is the NELFUND loan for private university students?

Currently, no. The scheme is designed for students in public (Federal and State) tertiary institutions to maximize the government’s reach.

When do I start paying back?

Repayment starts two years after NYSC. The government automatically deducts 10% of your salary at source. If you are self-employed, you are expected to remit 10% of your monthly profit.

What if I don’t get a job after NYSC?

You are required to periodically communicate your employment status to NELFUND. Penalties for default typically apply when income is detected but payment is withheld.

Conclusion

The NELFUND Student Loan is a lifeline for Nigerian students facing rising tuition costs. It removes the burden of fees from parents and allows students to focus on their studies. If you are eligible, log on to the portal today and secure your academic future. Education is an investment, and this interest-free facility is the best way to fund it.