The Nigerian Education Loan Fund (NELFUND) has announced the full digitisation of its Student Loan Application System (SLAS) to enhance efficiency and speed in the processing of student loans for both institutions and applicants.
In a statement released on Wednesday by NELFUND’s Director of Corporate Communications, Oseyemi Oluwatuyi, the Fund said all accredited tertiary institutions are now required to request access to the upgraded digital platform in order to verify and upload student data necessary for loan applications.
“This upgrade is a vital step toward ensuring timely processing and disbursement of approved student loans,” the statement said.
NELFUND urged institutions yet to onboard the platform to send an access request to [email protected] without delay. Once granted access, schools will be able to monitor their students’ loan applications through a real-time dashboard, verify details, and track application progress.
“We urge all institutions to act swiftly in the interest of their students. Institutional verification and data uploads are mandatory for final loan approval and disbursement,” the Fund added.
The digitisation of SLAS is part of the broader implementation of President Bola Ahmed Tinubu’s student loan scheme, a flagship initiative in the education sector.
Shortly after assuming office, President Tinubu signed the Access to Higher Education Act, which provides a legal framework for granting loans to underprivileged Nigerians to help cover tuition fees at tertiary institutions across the country.
The law also formally established the Nigerian Education Loan Fund, which is tasked with administering the scheme.
