NELFUND closes 2024/2025 loan application portal today

…sets timelines for 2025/2026 cycle

 By Joseph Erunke, Abuja

The Nigerian Education Loan Fund, NELFUND, has announced that its exertion portal for the 2024/2025 world league volition officially adjacent today, September 30, 2025, arsenic the strategy moves to the adjacent world cycle.

The Fund explained that the closure marks the decision of its 2nd afloat cycle, allowing it to finalize the processing of pending applications and proceed disbursing upkeep payments to approved beneficiaries.

A connection signed by Mrs. Oseyemi Oluwatuyi, Director of Strategic Communications, NELFUND, besides included a timeline for the 2025/2026 world session, urging students and institutions to adhere strictly to the guidelines.

Key timelines include: Portal Closure; New Cycle Opening; Records Update; Deadline for Verification; Unapproved Applications; and Upkeep Payments.

The connection said, “The 2024/2025 portal shuts down connected September 30, 2025. No caller applications volition beryllium accepted afterward.

“The 2025/2026 portal volition unfastened successful the 2nd week of October 2025 and stay accessible until January 2026.

“Institutions indispensable update pupil records connected the Student Verification System (SVS) to alteration applicants to implicit submissions.

“Applications from the 2024/2025 league not verified by October 8, 2025, volition beryllium automatically cancelled.

“Students whose applications stay unpaid owed to pending organization verification were advised to liaise with their schoolhouse managements, arsenic NELFUND warned that it would people the names of non-compliant institutions for transparency.

“Disbursement of upkeep allowances for the 2024/2025 league volition proceed until November 2025. Beneficiaries must, however, reapply nether the 2025/2026 rhythm to stay eligible”

Speaking connected the development, NELFUND Managing Director/Chief Executive, Mr. Akintunde Sawyerr, said the measurement was important successful ensuring a creaseless modulation into the caller world session.

“Announcing the closure of the existent exertion portal is simply a indispensable measurement to hole for the adjacent cycle. NELFUND remains committed to removing fiscal barriers for students and to moving with institutions to guarantee that nary eligible pupil is near behind,” helium stated.

Sawyerr emphasized the value of organization compliance, noting that punctual updates connected the SVS stay captious to ensuring students entree the indebtedness strategy without disruptions.

He assured that NELFUND remains focused connected delivering connected its mandate of providing interest-free loans to Nigerian students, thereby promoting equitable entree to higher acquisition crossed the country.

The station NELFUND closes 2024/2025 indebtedness exertion portal today appeared archetypal connected Vanguard News.