The Nigerian Student Loan Scheme has officially launched its portal for applications. The program’s first phase will cater to 1.2 million students in federal higher institutions, with the next phase inclusive of state university students. To apply, candidates must provide an admission letter from JAMB, a National Identity Number, a Bank Verification Number, and complete the application form on the NELFUND website.
Here is a step-by-step guide to applying for the student loan:
Registration:
1. Visit (link unavailable)
2. Click “Apply Now” and then “Get Started”
3. Answer the questions and verify your educational information
4. Create an account with your email address and password
5. Click the email verification link sent to your email
Profile Completion:
1. Log in with your email address and password
2. Update your contact details
3. Verify your BVN and account details
4. Save changes to complete your profile
Loan Application:
1. Click “Request for student loan”
2. Select the loan type and upload supporting documents
3. Read the loan overview and agree to the terms and conditions
4. Submit your application
5. Track your application status by clicking the “loans” button.
Note: Private university students have expressed concerns about their exclusion from the scheme.