{
  "id": 11853727,
  "title": "NELFUND student loan disbursements hit N372.62 billion",
  "url": "https://urgent.news/2026/10/04/nelfund-student-loan-disbursements-hit-n372-62-billion",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-04T05:37:11.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/10/04/nelfund-student-loan-disbursements-hit-n372-62-billion/"
  },
  "original_language": "en",
  "account": null,
  "summary": "NELFUND, the Nigerian Education Loan Fund, disbursed a total of N372.62 billion in student loans to Nigerian students since the launch of its student loan portal in May 2024. According to the fund's latest Student Loan Disbursement Report generated on October 3, 2026, NELFUND paid N192.89 billion to 319 beneficiary institutions as institutional fees under the student loan programme. The report also highlights the challenges faced by the scheme, including unpaid upkeep allowances totaling N927.98 million owed to 11,685 students. The expansion of the scheme has come with operational challenges, with NELFUND considering a digital token-based system to give students greater control over tuition payments.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}