60,000 students registered on student loan portal -NELFUND

60,000 students registered on student loan portal -NELFUND

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..30,000 applications submitted so far

No fewer than 60,000 students have registered on the student loan scheme, NewsSpecng learnt.

The student loan scheme portal was launched last week Friday.

The Managing Director/Chief Executive Officer, Nigeria Education Loan Fund (NELFUND), Akintunde Sawyerr, who disclosed the number of students applicant on the portal, however, said that only 30,000 students have successfully applied for the loan.

Sawyerr said the registrants were from Federal tertiary institutions in the country have registered.
He said the agency will start receiving applications from students of state-owned tertiary institutions in the next three weeks.

The NELFUND boss urged heads of the state – owned institutions to start uploading details of their students on its portal.

Sawyerr disclose this at an ongoing press conference in Abuja on Thursday.

The agency is working with 126 tertiary institutions for the loan scheme.

Sawyerr said over 9.5 million people have visited the portal since it was launched last week.

The student loan scheme will take off with 1.2m students as beneficiaries.

The loan, which is an equivalent of the tuition fees of the benefitting students, will be paid directly to their institutions.

But stipends would be paid directly to beneficiaries on a monthly basis to assist them buy other things that can make them comfortable while pursuing their education.

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