On June 14, 2023, the federal government said it had begun putting all necessary measures in place to ensure the student loan scheme begins between September and October 2023.
The law provides easy access to higher education for indigent Nigerians through interest-free loans from the Nigerian Education Loan Fund, the permanent secretary said.Speaking in an interview with LEADERSHIP, the National Association of Nigerian Students confirmed that the loan portal had not been opened for them to apply as of the time of filing this report.
“October is already ending and I’m not sure there will be any positive news this month. But my appeal to the government is for it to finalise the process on the bill before year end,” Benjamin said. LEADERSHIP reports that the steps to access the loan are: Students must apply to the chairman of the Bank through their respective institutions upon securing admission into any public Nigerian university, polytechnic, college of education or TVET school.
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