The federal government has commenced payment of N20,000 for the last round of Nigerian Education Loan Fund upkeep for students who collected loan last session. Students who benefited last academic year have started confirming credit alerts. If you have not received your November upkeep yet, just keep waiting, you will be credited soon.
The payment is also making rounds on social media, including Facebook, with beneficiaries making posts like “NELFUND upkeep is still dropping”.
The update on final round payment follows the August directive on upkeep disbursement that ties payments strictly to the academic session of each institution.
According to the Presidency, NELFUND emphasized that upkeep loans will only apply to the current academic year of a student. It noted that students shall only be entitled to upkeep allowance for their current academic session. After an institution’s academic year, upkeep payments stop for that session. This means students moving into a new academic year will no longer receive upkeep disbursements for the previous session.
Meanwhile, the 2025/26 application is still open. Students who want to collect upkeep for the next session are to apply now via the portal nelf.gov.ng. Interest in the loan scheme remains high, as over one million students have applied since its official launch on May 24, 2024.
NELFUND has also disbursed over N116 billion in student loans, covering both tuition fees and upkeep allowances for students across universities, polytechnics, and colleges of education in all 36 states and the FCT.
To be informed, NELFUND is seeking a partnership with NYSC to help track graduates and collect student loans, which are due for repayment two years after NYSC service. NYSC agreed to support the process and help sensitise Corps Members to ensure the loan scheme works effectively.
