Student loan application portal https://nelf.gov.ng/

The Student loan application portal 2024 has opened. If you have been struggling to pay your school fees and others minor bills this should be your opportunity to apply for student loan from the federal government of Nigeria. The management of Nigerian Education Loan Fund (NELFUND) led by its Managing Director, Mr Akintunde Sawyerr announced this on national TV. He stated that the portal will officially open on the 24th of may 2024.

According to NELFUND students can now pursue their educational career with the help of this loan without thinking of how to pay their school fees. This is in accordance with president Bola Ahmed Tinubu (GCFR) plan to make education easy for all Nigerians.

Remember that president Bola Ahmed Tinubu initially signed the student loan bill into law back in June 2023.

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The application portal is simple to access and any students can just fill the form with the required detail and get a loan instantly. with this loan eligible Nigerian students can access financial support to pursue their higher education without immediate financial strain.

Requirements for Nigerian Student loan

To apply for Nigerian Student loan you must have the following documents:

  • You must be a student with valid means of identification .
  • You must have secured admission into a public or federal Nigerian university, polytechnic, college of education, or any TVET school​.
  • Two passport photographs from each guarantor
  • Your admission letter
  • Cover letter signed by the head of your institution (e.g., Vice-Chancellor, Rector, or Provost)

How to apply for the new student loan in Nigeria

federal government student loan portal

Applying for students loan as a Nigerian students is very simple. Is just like apply for loan from online loan sharks but your saver in this one. To apply follow this simple steps:

(1) Visit NELFUND website through this link https://nelf.gov.ng/ . You will see a page like the picture bellow:

Click on that get started button and create your account.

Another page will open asking if your a Nigerian, Tick “Yes” and

Select verify educational information. See picture bellow:

Nigerian student loan

When you click on verify educational information you will see a small window pop up asking for you to select institution and matric number.

Select your institution and type in your matric number.

And click on verify. See picture bellow:

Nigerian student loan

After the verification you account is now created

Click on Apply for student loan.

Fill the relevant information as required by NELFUND.

Click on submit button and wait for the confirmation email.

Students Loan Repayment

(1) Repayment begins two years after completing the National Youth Service Corps (NYSC).Repayment

(2) involves a direct deduction of 10% of your salary at the source by your employer.

Federal government student loan application portal

The only official loan portal for Nigerian students remains this link https://nelf.gov.ng, any other one is the hand work of fraudsters. So don’t fall into the hand of scammers.

Frequently asked questions and answer about Student loan application portal

What is the new student loan act in Nigeria?

The students loan act was sign into law on June 2023 with the aim of encouraging and sustaining higher education and functional skill development for all Nigerian students and youths.

How much is the Nigerian student loan?

Candidates who meet all the application criteria will receive up to N500,000 per academic session.

Who is qualified to apply for a student loan?

To qualify for the federal government student loan you must be an undergraduate in any of the Nigerian tertiary institution. And it must be your first of applying.

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