Student loans voluntary, not compulsory – NELFUND

The Nigerian Education Loan Fund (NELFUND) has clarified that accessing student loans is voluntary and not compulsory for tertiary institution students. The fund established the student loan scheme to remove financial barriers and ensure that eligible Nigerian students are not denied educational opportunities due to financial constraints.

However, NELFUND emphasized that students who can afford their educational expenses are under no obligation to apply for or access the facility. The fund's statement urges tertiary institutions, student leaders, and other stakeholders to provide accurate information about the scheme and guide students who require financial support on how to access it.

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