The Federal Government has introduced a groundbreaking interest-free Student Loan Scheme aimed at making higher education more accessible to Nigerian students in public tertiary institutions. This initiative is part of the government’s effort to ensure that financial challenges do not hinder any Nigerian from pursuing a quality education.
The scheme was established under the Student Loan (Access to Higher Education) Act, 2023 and is managed by the Ministry of Education. It is designed to cover tuition fees for students in public universities, polytechnics, and colleges of education.According to the Ministry of Education, the loan will help bridge the gap between students’ aspirations and their financial capabilities. The former Minister of Education, Mallam Tahir Mamman, remarked, “This initiative reflects the government’s dedication to human capital development and the empowerment of our youth through education.”
To apply for the Federal Government Student Loan, you must meet the following eligibility criteria:
As expected, you have to be Nigerian student to apply
You must also not have defaulted on any previous loans or been found guilty of exam malpractice, felony, or drug offenses.
For the first stage of the scheme, only students from federal institutions (universities, polytechnics, and colleges) are eligible to apply.
Once you have met the eligibility criteria, you can now proceed to the Nigeria Education Loan Fund (NELFUND) website to apply for the loan by submitting the required documents.
Answer the questions on this page continue, by clicking on “Yes, I am a Nigerian”
Verify your educational information. You would be required to select your school from a dropdown and provide your matric number to check if your school has uploaded your details.
Click the “Verify with JAMB” and enter your JAMB details on the screen.
Create an account by entering your Email address, Password and Confirm Password in the fields provided and click “Create Account”.
Click the email verification link sent to your email.
STEP 2: COMPLETING YOUR PROFILE
After successful registration, log in by clicking the “LOGIN” button.
Enter your email address and password to Login.
Click on the “Proceed to Contact Details” button.
Update contact details with your current Phone Number, Full Residential Address, State of Residence, and Local Government Area of Residence.
Update your educational details by selecting your Higher Institution and inputting your Matric Number, then click “Proceed to Account Details”
Verify your BVN by entering your BVN, select your Bank Name, and enter your Account Number. Click “Save Changes” to complete your profile.
STEP 3: LOAN APPLICATION
Click on the “Request for Student Loan” button at the top right of the screen on the home or loans page after logging into the application.
If you want an upkeep loan, click the check box, and click Continue, if all you need is the institutional charge, click the “Continue” button.
Upload supporting documents (Admission letter and Student ID card), the admission letter is compulsory while the Student ID and Institution Invoice are optional.
Click the checkbox for the policy and declaration and click “Continue”
Read the loan overview and click the checkboxes for both the Terms & Conditions and GSI Mandate then click “Submit Application”
The Federal Student Loan Scheme is a significant step toward democratizing access to higher education in Nigeria. Students who meet the requirements are encouraged to apply promptly and take advantage of this life-changing opportunity. Further details can be obtained through the Ministry of Education’s official channels.
Source: Nelfund
3 thoughts on “How to make FG pay your UNIOSUN School Fees”
Well said Sir/Ma! Regardless, I believe millions of students are very much aware and enlightened of the opportunity (Students Loan) by the FG which had given much credit to the incumbent administration. Presently, the only obstruction must students encounter, which I encourage you to work on is, how to get the Loan effective i.e how to get the fee paid to the school either through the students or NELFUND.
That should be the actual concentration which I believe will really be great help to beneficiaries (Students).
I need money for my school fees
Apply for the loan.
Well said Sir/Ma! Regardless, I believe millions of students are very much aware and enlightened of the opportunity (Students Loan) by the FG which had given much credit to the incumbent administration. Presently, the only obstruction must students encounter, which I encourage you to work on is, how to get the Loan effective i.e how to get the fee paid to the school either through the students or NELFUND.
That should be the actual concentration which I believe will really be great help to beneficiaries (Students).
God bless.
Regards!