Update from NELFUND

[Bravebold]

NELFUND Closes 2024/2025 Portal, Releases Timelines for 2025/2026 Applications

Abuja, Nigeria – September 29, 2025 – The Nigerian Education Loan Fund (NELFUND) has announced the closure of its application portal for the 2024/2025 academic session, effective Tuesday, September 30, 2025. This marks the end of the second full cycle of the interest-free loan scheme, allowing the Fund to complete processing of pending applications and payments.

In line with its mandate to promote equitable access to higher education, NELFUND has also released timelines for the 2025/2026 application cycle:

1. Closure of Current Portal
The 2024/2025 application portal closes on September 30, 2025. No new applications will be accepted after this date.

2. Opening of New Application Cycle
Fresh applications for the 2025/2026 academic session will open in the second week of October 2025 and remain open until January 2026.

3. Institutional Records Update
All institutions are directed to update their students' records on the Student Verification System (SVS) to enable applicants to access the scheme.

4. Institutions Yet to Resume
Institutions that have not commenced a new academic session within the application window should formally notify NELFUND for special concessions to accommodate their students.

5. Automatic Cancellation of Unverified Applications
Applications from the 2024/2025 session that remain unverified by October 8, 2025 will be automatically cancelled. Affected students are urged to liaise with their school management to complete the process before the deadline. Those whose applications are cancelled must reapply under the 2025/2026 cycle.

NELFUND reaffirmed its commitment to ensuring that Nigerian students continue to benefit from interest-free student loans, thereby reducing financial barriers to higher education.

[Bravebold]