Universities in Southeastern region are found missing as Federal Government through the Nigerian Education Loan Fund, NELFUND, release list of universities that benefitted from the students loan program.
In a latest release, NELFUND has so far disbursed a total of N2.94 billion to 19 institutions, which, about 27,667 students benefitted.
Among the top ten Universities that have high numbers of students beneficiaries are, University of Maiduguri, University of Ibadan, University of Ilorin, University of Benin, University of Kano, etc.
Daily9jaInfo recalled that Student’s Loan Act is an Act of the Parliament that makes it possible for Nigerian students to access zero interest loans to enable them pay for institutional charges and upkeep to any higher institution of their choice within Nigeria.
The Loan which is open to all public tertiary Institutions, is being disbursed by the Nigerian Education Loan Fund (NELFUND), which is the body established by law to carry out the day-to-day activities of the Fund.
While it is not clear why Universities in South-East region was not among the beneficiaries, it should be noted that Students who have secured admission into all Public Nigerian universities, polytechnics, colleges of education, or vocational schools, with a proof of admission that includes Name, Date of Birth, Admission, JAMB number, Matriculation number, and BVN.
All new and existing students within the institution above are eligible for the loan and can apply for the loan.
The loan is due for repayment 2 years after the completion of NYSC
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