FG Disburses N32.8 Billion to 169,000 Indigent Students

The federal government has announced the disbursement of N32.8 billion to over 169,000 indigent students through the Nigerian Education Loan Fund (NELFUND). This initiative is part of President Bola Ahmed Tinubu's administration efforts to ensure that no Nigerian child is unable to attend a higher institution due to poverty.According to the Minister of Information and National Orientation, Alhaji Mohammed Idris, N20 billion was spent on school fees, while N12.8 billion was allocated for student allowances. The minister emphasized that the program is transparent, straightforward, and can accommodate as many qualified individuals as possible.Key Highlights of the Student Loan Scheme are, students admitted to federal universities, polytechnics, colleges of education, or technical colleges are eligible to apply. The loans are interest-free, with tuition fees paid directly to institutions and monthly stipends provided for upkeep. The entire application process is conducted online, ensuring convenience and efficiency. The program aims to support students throughout their academic journey, providing assurance of subsequent year funding upon enrollment.The federal government has made provisions for 500,000 people under the student loan scheme, with only 169,000 captured so far, leaving room for more qualified individuals to benefit from the program.

NELFUND announces N32.8bn total student loan disbursements to date

africa.tvcnews.tv - 08/Feb 15:19

The Nigerian Education Loan Fund (NELFUND) has announced a total disbursement of N32.8 billion for student loans which it says covers school fees and...

Teacher trainee allowance to go: Govt pledges enhanced student loan scheme – Education Minister hints

myjoyonline.com - 05/Feb 10:46

The Minister of Education, Haruna Iddrisu, has announced plans to transition teacher trainee allowances into an enhanced student loan scheme to allow...

University students faces financial exclusion as 2025 academic year approaches | Student Survival 2025

dailynews.co.za - 05/Feb 04:44

University students from financially strained backgrounds, including one self-funded student from Wits University, owing R97,000, are calling on the...

SIU recovers R2 billion in overpayments to universities and TVET colleges

dailynews.co.za - 13:51

The Special Investigating Unit (SIU) has recovered R2 billion in overpayments made to universities and technical and vocational education colleges...

Scholarship: Bishop Ezeokafor, JDPC Awka Diocese, HIFA Anambra Spend Over 10 Million Naira On 81 Indigent Students, Pupils Across Denominations

notchnewsonline.com.ng - 04/Feb 15:00

By Mmaduabuchi Onwumelu The office of the Justice Development and Peace Caritas, JDPC, Awka Diocese, domiciled inside St. Patrick's Catholic...

With Education Department under threat, what student loan borrowers can do – Paradise Post

theparadise.ng - 12/Feb 19:50

By Eliza Haverstock, NerdWallet President Donald Trump has vowed to dismantle the U.S. Education Department, which oversees federal student...

Colleges around the U.S. cautiously navigate Trump's DEI crackdown

washingtontimes.com - 01/Feb 16:10

In Boston, Northeastern University renamed a program for underrepresented students, emphasizing "belonging" for all. In New Jersey, a session at...

$2.7 billion Pell Grant shortfall: Will Trump’s federal funding freeze hurt student aid?

times of india - 10/Feb 15:15

The Pell Grant program faces a $2.7 billion funding shortfall for the 2025 fiscal year, raising concerns over financial aid for low-income students. A...

Colleges Attempt to Circumvent Trump Admin’s DEI Drawback

headlineusa.com - 03/Feb 19:12

(Headline USA) In Boston, Northeastern University renamed a program for underrepresented students, emphasizing “belonging” for all. In New Jersey,...

Tinubu: Student Loan Scheme Has Disbursed Over N104bn to 600 Beneficiaries Nationwide

arise.tv - 02/Feb 07:17

Tinubu has announced that the student loan scheme has benefitted 600 students across the country, disbursing over N104bn

Rubriques :