Big news on NELFUND: What every Nigerian student needs to know

Nexus May 25, 2025 0

Are you a Nigerian student dreaming of going to school without worrying about school fees? Well, guess what? There's big news from NELFUND that might just be what you've been waiting for – and yes, it involves getting a student loan in Nigeria without stress!

Let’s break it down in a way every student will understand.

What is NELFUND again?

In case you’re hearing about it for the first time, NELFUND means Nigerian Education Loan Fund. It’s a program by the Federal Government to help students borrow money for school and pay it back after graduation. If you’ve been looking for a way to get an education loan in Nigeria, this is it.

The exciting new update

Here’s the juicy part: NELFUND just launched the student loan application portal! Yes, it’s finally live, and real students can now apply online for student loans that will cover their tuition and academic expenses.

Whether you’re in a university, polytechnic, college of education, or vocational school, this update is for you. This is the first time in Nigeria that students can access an easy education loan backed by the government.

No more struggling with school fees

One of the biggest challenges for students is how to pay school fees without stress. Some students even miss exams or drop out because they can’t pay on time. But now, with this new student loan program in Nigeria, that worry might be over.

With this new update, students can now get a school loan to continue their studies and pay later when they graduate and start working.

How does it work?

Here’s how the new NELFUND student loan system works:

• Visit the official portal: https://nelf.gov.ng

• Create an account using your JAMB registration number and school details

• Fill the online loan application form

• Upload required documents and submit

• Wait for approval – and boom – your tuition is funded

You don’t need a guarantor or collateral. Everything is digital. This is one of the easiest ways to get a loan online in Nigeria as a student.

When do you start paying back?

This is the best part – you don’t pay back the loan while you’re still in school. You only start repayment two years after graduation, and only when you get a job. That means the government is giving students time to settle down first.

It’s a soft and friendly education loan, designed to support your academic journey, not stress you.

What students are saying

Many students are already excited. Some say this is the “best education support” they’ve seen. Others are just happy that the loan application is simple and fast.

“I was scared it would be another complicated government thing, but it’s easy to apply,” said Aisha, a 200-level student in Bauchi.

“This came just in time. I almost deferred my admission,” says Tobi, an ND1 student in Lagos.

Why this is a big deal

Before now, only rich students had access to loans from banks or apps. But now, with NELFUND, any student in Nigeria can apply for a student loan and get financial support. This is a smart move that will change the future of many youths.

More students will stay in school. More graduates. More skilled Nigerians. All thanks to a well-structured government-backed loan program.

What to do now

If you’re a student in a public institution in Nigeria, this is your chance to apply for an education loan. Don’t wait. Visit the portal, register, and start your student loan application today.

Let no student be left behind. Share the good news with your friends on campus, in class groups, and on social media.