By: Prince Iniobong– August 21, 2025
The Nigerian Education Loan Fund (NELFUND) has announced new guidelines governing the disbursement of upkeep loans to students across the country. According to the directive, upkeep loan payments will now be strictly tied to the academic session of each institution.
With the new policy, students will only be eligible to access upkeep loans for their current academic session. Once an institution concludes its academic year, upkeep payments for that session will automatically stop. This means students transitioning into a new academic session will not receive upkeep payments for the preceding session.
NELFUND further stated that interested students must apply for loans at the beginning of every academic session to qualify for both institutional charges and upkeep benefits for that session.
To enhance accuracy and transparency, the NELFUND loan portal is being updated to reflect these changes. Moving forward, the portal will only display upkeep loans disbursed within the relevant session, ensuring that payments align strictly with academic timelines.
Institutions have also been strongly advised to upload their academic calendars and sessional details promptly. This measure is aimed at ensuring students gain full access to upkeep benefits throughout the academic year.
Reiterating its commitment, NELFUND assured students and stakeholders of its dedication to providing accessible, transparent, and efficient loan support, while urging the cooperation of institutions in implementing the directive.
For inquiries and further assistance, NELFUND directed students to reach out via email at [email protected] or through its official social media platforms:
X (formerly Twitter): @nelfund
Instagram: @nelfund
Facebook & LinkedIn: Nigerian Education Loan Fund – NELFUND
The announcement was signed by Mrs. Oseyemi Oluwatuyi, Director of Strategic Communications, NELFUND.
