Student loan is support mechanism, not obligation — NELFUND
Nigerian Education Loan Fund (NELFUND) has urged tertiary institution students to apply for student loans only when they The post Student loan is support mechanism, not obligation — NELFUND appeared first on Tribune…
The Nigerian Education Loan Fund (NELFUND) was established under the Student Loan (Access to Higher Education) Act to provide interest-free loans to Nigerian students in tertiary institutions, covering tuition and upkeep costs, as part of government efforts to widen access to higher education amid rising fees and economic hardship. Since its rollout, the scheme has faced scrutiny over disbursement delays, eligibility criteria, and how repayment obligations will work once beneficiaries graduate and gain employment.
The latest comments from NELFUND, urging students to see the loan as a support mechanism rather than an automatic entitlement, come amid growing public debate about whether the scheme eases or adds to the financial pressure on students. While Tribune Online frames the statement as guidance for intending applicants on when and how to apply, Leadership's coverage probes the anxieties some students feel about taking on debt tied to future income, reflecting broader uncertainty about NELFUND's long-term terms, including repayment timelines and conditions, which have not been fully detailed in public communications.