FG opens portal for first stage of Student Loan Scheme 

FG opens portal for first stage of Student Loan Scheme 

The first stage of the Student Loan Scheme, a financial aid programme for Nigerian students, has been launched, benefiting students from government-run educational institutions nationwide.

It was noticed that the loan website became operational a few minutes after midnight on Friday.

It should be remembered that President Bola Tinubu introduced an initial form of the student loan scheme policy in June 2023 to provide interest-free loans to students.

The programme was supposed to start in October 2023, but its implementation was continuously delayed until it was reintroduced in April 2024.

Nigerian Education Loan Fund (NELFUND) recently announced that the loan application and disbursement platform would be available on May 24.

During the pre-application awareness phase, NELFUND stated that the trial phase of the programme would only be accessible to federal universities.

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