By Our Reporter
The Nigeria Education Loan Fund, NELFUND has disclosed that its Student Loan Application System is fully digitised to streamline and speed up the student loan processing for institutions and applicants.
This was made known in a statement on Wednesday by its Director of Corporate Communications, Oseyemi Oluwatuyi, stating that, “With this upgrade, all accredited institutions are now required to request access to SLAS to verify and upload student data related to loan applications. This is a critical step that ensures the timely processing and disbursement of approved student loans.”
The body added that institutions that have not yet onboarded the system are by the announcement requested to send an access request to registration@nelf.gov.ng without delay. And, once granted access, institutions concerned will be able to view a real-time dashboard of their students’ loan applications, verify submitted data, and track the status of each application.
“We urge all institutions to take immediate action in the interest of their students, as verification and data upload by the institutions are mandatory steps before final approval and disbursement can be completed,” the statement said.
The student loan initiative is the brainchild of the President Tinubu-led administration, towards mitigating financial burden and boosting access to tertiary education in the country..
The President signed the Access to Higher Education Act into law, giving it legal backing and enabling granting of loans to indigent or low-income Nigerians to facilitate the payment of their fees in the nation’s tertiary institutions. The reenacted law gave birth to the Nigerian Education Loan Fund, NELFUND.
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