Fees and loans
NELFUND says student loans are voluntary not compulsory
The interest‑free loan scheme is optional, so only apply if you need financial help to continue your studies.
The Nigerian Education Loan Fund (NELFUND) confirms that its student loan scheme is optional for tertiary students. It asks students to apply only if they truly need financial help to continue their studies.
NELFUND notes that students who can cover their fees do not have to apply. The loans are interest‑free and aim to reduce the cost of higher education.
Borrowers must repay the loan under the Student Loans Act, so they should read the terms carefully before applying. The fund also asks institutions, student leaders and other stakeholders to give accurate information and help eligible students access the scheme.
Source: Punch.
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