Nigerian citizens with valid NIN and BVN.
– New or returning full-time students (including Direct Entry) who have secured admission into public tertiary institutions (federal and state universities, polytechnics, colleges of education, monotechnics, and some vocational schools). Private institutions are currently excluded.
– Your institution must have uploaded and verified your student records on the NELFUND system.
– You need a JAMB number (or equivalent admission details) and a standard bank account linked to your BVN (wallet-style accounts are generally not accepted).
– No age limit. Disqualifiers include previous loan defaults with licensed institutions, proven exam malpractice leading to dismissal, or convictions for fraud, forgery, drug offences, cultism, etc.
Always confirm the latest list of participating institutions and any phase expansions on the official site, as coverage has broadened beyond the initial federal-only phase.
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What the Loan Covers
– Institutional charges: Paid directly to your school.
– Upkeep: Monthly allowance paid to you (you must select this option at application; you cannot get upkeep alone without institutional charges).
– Amount is determined by your school’s approved charges. Apply for each academic session.
Disbursement typically aims for within 30 days of successful approval.
How to Apply (Step-by-Step Guide) Click Here
