The Nigerian Education Loan Fund (NELFUND) has called on tertiary institutions to speed up the verification and approval process for students’ loan applications to avoid unnecessary delays in disbursing funds.
In a statement, the Director of Strategic Communications, Oseyemi Oluwatuyi, emphasized that verification is a key step in the loan application process. He explained that delays at this stage could affect students receiving their institutional fees and upkeep allowance.
“Timely verification and approval are essential to ensure that loan beneficiaries can access their fees and allowances without disruption,” Oluwatuyi stated.
NELFUND’s appeal comes after several complaints from prospective beneficiaries who expressed concerns over delays caused by slow verification processes in some institutions. The Fund urged schools to prioritize the process to support students who rely on the education loan for tuition and living expenses.
