NELFUND Declares Student Loan Applications Voluntary Amid Outrage
The Nigerian Education Loan Fund (NELFUND) issued a statement clarifying that participation in its student loan scheme is voluntary, following a controversial memo from the Enugu State College of Education (Technical) dated October 6, 2026. The memo, signed by Acting Registrar Patrick A. Aneke, incorrectly mandated all students to apply for the loan for the 2026/2027 academic session, which sparked public outrage.
NELFUND stressed that the scheme aims to assist students in overcoming financial barriers to education and that making the loan compulsory contradicts its fundamental purpose. The fund urged educational institutions and stakeholders to provide accurate information regarding the scheme.
NELFUND also reminded students of their obligation to repay loans as per the Student Loans Act and encouraged them to understand the terms before applying. Since its portal opened in May 2024, NELFUND has disbursed ₦372.62 billion to students and processed over 1.65 million applications.
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