Student loan not compulsory for tertiary students - Nigerian govt on NELFUND

The Nigerian Education Loan Fund, NELFUND, has clarified that students successful Nigerian tertiary institutions are not nether compulsion to use for the national government’s pupil indebtedness scheme.

The Fund said the interest-free indebtedness was introduced to enactment students who conflict to wage their acquisition expenses, adding that applying for it should stay a idiosyncratic determination based connected idiosyncratic fiscal needs.

NELFUND made the clarification successful a connection issued connected Wednesday and signed by its Director of Strategic Communications, Mrs Oseyemi Oluwatuyi.

“The strategy is intended to guarantee that nary qualified Nigerian pupil is denied the accidental to prosecute higher acquisition due to the fact that of fiscal difficulties,” NELFUND said.

It cautioned against immoderate signifier that could make the content that students indispensable instrumentality loans to proceed their studies, careless of their fiscal situation.

“The nonsubjective is not to promote each pupil to borrow, but to guarantee that each eligible Nigerian pupil who genuinely needs fiscal assistance has the accidental to entree it.

“Students who tin money their acquisition connected their ain are nether nary work to use for the indebtedness and tin proceed their studies without taking connected immoderate debt,” it said.

It besides reminded prospective applicants that though the indebtedness carries nary interest, beneficiaries are required to re...