Universities across the country have confirmed receipt of tuition payments for successful student loan applicants by the Nigerian Education Loan Fund (NELFUND).
Six federal universities, according to the chart from NELFUND, received N2.03 billion for the 2023/2024 academic session.
Each of the students will also receive N20,000 monthly, directly paid to them for their upkeep.
The universities already captured and the amount received are as follows:
•Bayero University (BUK), Kano, N853.8 million;
•University of Maiduguri(UNIMAID), Borno, N589 million;
•Federal University, Dutsin-Ma (FUDMA), Katsina, N305 million;
•University of Ibadan (UI) Oyo, N201.1 million;
•University of Ilorin (UNILORIN), Kwara, N52.9 million;
•University of Benin(UNIBEN), Edo, N24.4million.
Over 30 federal universities are expected to receive payments for successful applicants.
The funds released cover the full tuition of over 20,000 students.
The University of Ibadan has invited its students who are beneficiaries of the loan to come for a refund if they had paid the tuition for the outgoing 2023/2024 session.
The Registrar said: “NELFUND has remitted N201,114,650.00 only to the university account for the 2023/2024 academic session.
“This amount is to cover the fees of 1,370 students of our university who applied for the NELFUND loan.
“The Bursary Department is currently processing the fund to enable the concerned students to obtain smart receipts.
“Any student who is a beneficiary of the NELFUND loan and has already paid levies for the session fee is entitled to a refund.
“To apply for a refund, the student must write through the Dean of Students to the Deputy Vice-Chancellor, Academic, providing their account details for the refund.
“A photocopy of the original payment receipt must be attached to each application.
“Please note that this information is applicable only to students who applied for the NELFUND loan, and whose applications were approved.”
