NELFund Distances Itself from Counterfeit Student Loan Website

The Nigerian Education Loan Fund (NELFund) has issued a warning against what it terms a “fraudulent advertisement” regarding a ‘Federal Study Loan.’ The warning comes in response to advertisements circulating on various news sites promoting the website www.fedstudyloan-gov.ng as the application portal for the much-anticipated student loan scheme of the Federal Government. In a statement signed by its Media and Public Relations Lead, Nasir Ayitogo, NELFund clarifies that it has no affiliation with this website and strongly condemns any attempt to deceive students seeking financial aid.

Ayitogo emphasizes that the official channel for student loan applications through NELFund will be accessible to the public in due course via www.nelf.gov.ng. He urges individuals who come across a counterfeit website to promptly report it to the relevant authorities. NELFund asserts its commitment to prioritizing the security and well-being of students by providing accurate information and resources for financing their education.

President Bola Tinubu signed the Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024, into law on April 3, marking a significant milestone in educational financing in Nigeria. This legislation, an upgrade of the Access to Higher Education Act, of 2023, enables indigent students to access interest-free loans for their educational pursuits in Nigerian tertiary institutions. Additionally, it establishes the Nigerian Education Loan Fund to oversee all loan requests, grants, disbursements, and recoveries, aligning with the government’s commitment to expanding access to quality education and fostering human capital development.