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BREAKING: NELFUND postpones pupil mortgage software for state-owned establishments

The Management of Nigerian Education Loan Fund on Tuesday introduced a 14-day postponement of the appliance course of for pupil mortgage for state establishments due” to low information submissions,” a press release by the company mentioned in Abuja.

The Fund mentioned the choice was necessitated by the failure of a number of state-owned establishments to add the required pupil information and charge data to the NELFUND Student Verification System.

“To date, solely a restricted variety of state-owned establishments have efficiently accomplished the info submission course of. These embody 20 state universities out of 48, 12 state schools out of 54, and a couple of state polytechnics out of 49.

“While we acknowledge the efforts of those establishments, the failure to submit information from the remaining state establishments poses important challenges to making sure a seamless and correct verification course of for pupil mortgage candidates.

“The application window, initially set to open on June 25, 2024, will now commence on July 10, 2024.”

The Fund mentioned the extension will present further time for state establishments to adjust to the info submission necessities and guarantee their college students can profit from the Federal Government pupil mortgage scheme.

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To facilitate an environment friendly and error-free software course of, it’s essential that each one state establishments present full and correct data.

This contains JAMB numbers, matriculation numbers, admission numbers, full names, degree, colleges, departments, period of program, charges, and gender of all eligible college students.

Incomplete or incorrect information submissions will lead to software delays and potential disqualification for affected college students.

The fund urged all state establishments to expedite their information submission processes and make sure the accuracy of the knowledge supplied.

It additional warned that Institutions that fail to satisfy the revised deadline danger disadvantaging their college students, who rely upon these loans to assist their schooling.

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