‘NELFUND Approves Disbursement of Student Loans’ The National Education Loan Fund (NELFUND), a non-profit student loan provider, has announced the approval of a significant disbursement of student loans to eligible students. This funding will provide financial assistance to students seeking higher education to pursue their academic aspirations and career goals. Through this disbursement, NELFUND aims to alleviate the financial burden faced by many students and their families. The loans will cover various expenses, including tuition, fees, books, and living expenses. By providing access to affordable and flexible financing, NELFUND empowers students to invest in their education and unlock their full potential. Eligible students have undergone a rigorous application process to demonstrate their academic merit and financial need. NELFUND has carefully evaluated each application to ensure the funds are allocated equitably and effectively. The disbursements will enable students from diverse backgrounds to pursue a wide range of educational opportunities, from undergraduate studies to graduate programs. “We are delighted to approve this disbursement of student loans, which will make a tangible difference in the lives of countless students,” said the CEO of NELFUND. “Our mission is to create opportunities for all students to access higher education, regardless of their financial circumstances. These loans will provide vital support, allowing students to focus on their studies and achieve academic success.” NELFUND emphasizes responsible lending practices, ensuring that students fully understand their loan obligations and are equipped with the knowledge and resources to manage their finances effectively. The organization offers a range of repayment options and support services to help borrowers fulfill their loan commitments. The disbursement of student loans is a testament to NELFUND’s commitment to investing in the future of students and the broader community. By empowering students with the financial means to pursue higher education, NELFUND contributes to the growth of skilled professionals, the advancement of knowledge, and the well-being of society at large.The Nigerian Education Loan Fund (NELFUND) has approved the disbursement of student loans to successful applicants. NELFUND held its inaugural board meeting on Wednesday, marking a milestone in its mission to support students with financial aid. Under the leadership of its president, Mr. Jim Ovia, the board approved the immediate disbursement of student loans to successful applicants. A statement on Wednesday night obtained from the agency’s X account revealed this.The Nigerian Education Loan Fund (NELFUND) has approved the disbursement of student loans to successful applicants. NELFUND held its inaugural board meeting on Wednesday, marking a milestone in its mission to support students with financial aid. Under the leadership of its president, Mr. Jim Ovia, the board approved the immediate disbursement of student loans to successful applicants. A statement on Wednesday night obtained from the agency’s X account revealed this. The press release was titled “NELFUND holds inaugural board meeting as student loan disbursement tops agenda.” It was signed by its Director of Media and Public Relations, Nasir Ayitogo. The meeting, attended by the fund’s management and representatives of member organizations, also laid the foundation for future initiatives to improve educational opportunities and support students in various disciplines. NELFUND’s approval of the loans marks a step towards empowering the next generation of leaders through education. The statement read: “The Nigerian Education Loan Fund (NELFUND) on Wednesday, June 26, 2024 held the inaugural meeting of its board of directors in Abuja. “The meeting marked an important milestone in the organization’s commitment to empowering students through financial support. “Under the leadership of Board President Mr. Jim Ovia, top of the agenda was the approval of student loan disbursement to successful applicants.” According to the statement, this phase aligns with the presidency’s dream of improving the quality of education and making it affordable for all. “This decision underscores President Bola Ahmed Tinubu’s dedication to providing essential and timely financial assistance to students in need, enabling them to achieve their educational goals without undue financial stress. “By approving the immediate disbursement of the loans, NELFUND is taking a critical step in fulfilling its mission to support education and empower the next generation of leaders. “Also present at the meeting were the management of the fund, led by the Managing Director/CEO, Mr Akintunde Sawyerr, and representatives of the member organisations,” he concluded. Tinubu had on April 3, 2024 signed the Student Loans (Access to Higher Education) (Repeal and Reenactment) Bill 2024. Enrollment for the program began in May with 1.2 million students at federal colleges across the country starting the first batch.The National Education Loan Fund (NELFUND) has approved the disbursement of student loans to qualified beneficiaries. This decision was made after a thorough review of applications and verification of eligibility. Students who have been approved for loans will receive the funds directly into their bank accounts. The amount of the loan will be based on the cost of tuition, fees, and other related expenses. NELFUND is a government-owned and controlled corporation that provides student loans to qualified borrowers. The organization has been in operation for over 40 years and has helped millions of students achieve their educational goals. The disbursement of student loans is a critical part of ensuring that students have the financial resources they need to pursue higher education. NELFUND is committed to providing affordable and accessible loans to all qualified borrowers. For more information about NELFUND and the student loan program, please visit the organization’s website at www.nelfund.co.za.