NELFUND Disburses May 2025 Upkeep Allowance: Over ₦23 Billion Paid So Far – Apply Now for Student Loan
The Nigerian Education Loan Fund (NELFUND) has started disbursing the April 2025 upkeep allowance to student loan beneficiaries across the country. This is another major step in the Federal Government’s ongoing effort to make higher education more affordable for Nigerian students.
If you're a Nigerian student studying in a public university, polytechnic, college of education, or other recognized tertiary institution and you’re struggling with school fees, transport, feeding, or other expenses, now is the right time to apply for the NELFUND student loan. This government-backed student loan scheme offers easy access to money for school with low-interest rates, convenient repayment plans, and a two-year grace period after graduation.
Let’s take a deeper look at the latest updates from NELFUND and how you can benefit from this opportunity.
NELFUND pays May 2025 upkeep – students advised to check their accounts
On May 20, 2025, the Nigerian Education Loan Fund officially confirmed that it has begun paying the April upkeep allowance to students who successfully applied and were approved under the scheme. According to NELFUND’s Director of Strategic Communications, Mrs. Oseyemi Oluwatuyi, most students have already received their money, while a few others may experience minor delays due to a system upgrade that is currently being fixed.
CLICK HERE TO APPLY FOR A LOAN AND GET IT TODAY
“We are aware of some slight delays in payment to a few beneficiaries, but our tech team is working round the clock to ensure that every eligible student gets their upkeep allowance without issues,” she said.
This update is encouraging for thousands of students across Nigeria who depend on this monthly upkeep to take care of essential needs like food, transportation, internet data, and school materials.
If you haven’t applied yet, now is the best time to take action. Apply for the NELFUND student loan today and receive your upkeep allowance monthly, just like other beneficiaries.
Over ₦23 billion disbursed – apply now and don’t miss your chance
Since NELFUND began full operations in April 2024, over ₦23 billion has been disbursed to more than 94,000 Nigerian students. These funds are helping students complete their education without dropping out due to financial difficulties.
The Managing Director of NELFUND, Mr. Akintunde Sawyerr, revealed that the fund is targeting over 1.2 million students by the end of 2025. This means the fund is ready to help even more students get access to loans to support their education.
You don’t need to suffer through school without money. This is your chance to get a student loan with a flexible payment plan. Apply now while slots are still available.
Who is eligible to apply for the NELFUND student loan?
To apply for this student loan in Nigeria, you must meet the following criteria:
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Be a Nigerian citizen.
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Be currently enrolled in a public university, polytechnic, college of education, or technical school.
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Have a valid National Identification Number (NIN).
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Provide your JAMB number (for those admitted through JAMB).
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Have a valid student email and matriculation number.
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Must not have defaulted on any previous government loans.
This is a golden opportunity for students looking for financial support for school in Nigeria. Don’t wait till it's too late. Apply now and get money to fund your education.
What expenses does the NELFUND student loan cover?
The loan covers:
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Tuition fees
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Daily upkeep
This is more than just a loan for school fees – it’s a complete student support package. You can now apply for a government loan in Nigeria that supports your entire academic journey.
Easy repayment plan – no stress after school
One of the major advantages of the NELFUND loan is that students are not expected to start repayment until two years after completing their NYSC (National Youth Service Corps). This gives you time to find a job or start a business without the pressure of immediate loan repayment.
Once you are employed, a small percentage (usually about 10%) will be deducted from your monthly salary or income. If you’re self-employed, you’re expected to remit 10% of your monthly profit.
This student loan in Nigeria is designed to be flexible, stress-free, and student-friendly. If you are still searching for how to fund your education, this is the best option available.
Is the NELFUND loan interest-free?
Yes, the NELFUND loan is currently interest-free, which makes it one of the best loan options available to students in Nigeria. However, the fund may introduce minimal service charges in the future to cover administrative costs. Even with such charges, the student loan will still remain one of the most affordable financial aid options in the country.
This means you can borrow money for your education without worrying about high interest rates or hidden charges. That’s why many students are rushing to apply – don’t miss out.
Where is the money coming from?
The NELFUND program is fully funded by the Federal Government of Nigeria through the Federal Inland Revenue Service (FIRS) and support from the Tertiary Education Trust Fund (TETFUND).
As of early 2025, the fund had already received over ₦130 billion, and more money is being added to it every month. This makes it a reliable and sustainable loan program that can support students for many years to come.
Private school students may benefit soon – get ready
Right now, the NELFUND loan is only available to students in public tertiary institutions. However, the fund is considering extending it to private school students within the next three years. This means more students will soon have access to federal student loans in Nigeria regardless of the type of institution they attend.
If you are in a private university, start preparing your documents now so you can be among the first to apply once the portal opens for private institutions.
How to apply for NELFUND student loan in Nigeria – step-by-step
Here’s how you can apply for this federal student loan:
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Visit the official NELFUND website: https://nelf.gov.ng
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Click on "Apply Now"
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Create an account using your NIN, JAMB number, and student details
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Upload your admission letter, passport photo, and other required documents
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Submit your application and wait for approval
Once approved, your tuition will be paid directly to your school, and your upkeep allowance will be sent directly to your bank account every month.
Conclusion: Apply for your student loan today – get paid monthly while you study
Education should not be a burden. With the NELFUND student loan, you don’t need to struggle through school without money. The application is free, the process is easy, and the benefits are life-changing.
If you or someone you know is in need of money to complete their education, visit the NELFUND portal now and apply for a student loan today.
Get paid monthly. Focus on your studies. Graduate with peace of mind.
Apply now for your NELFUND student loan
- Get up to ₦150,000
- Zero interest
- No repayment until after NYSC
- Government-backed and secure
Visit https://nelf.gov.ng to apply.
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