However, the management of the Scheme has announced a postponement by two weeks.
noted that the postponement was necessitated by the failure of several state-owned institutions to upload the required student data and fee information to the Student Verification System . According to Ayitogo, only a limited number of state-owned institutions have completed the data submission process since its inception. “The Management of Nigerian Education Loan Fund hereby announces a 14-day postponement of the application process for student loans for state institutions due to low data submissions', the statement partly reads.
launched a portal for federal universities to register for the scheme. President Bola Tinubu signed the reviewed Student Loan Act in April 2024 to enable indigent students to access interest facilities. The government had earmarked N60 billion for the scheme in the 2024 national budget.
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