Victoria Mbangwa
The Nigeria Education Loan Fund (NELFUND) has fully digitised its Student Loan Application System, enabling seamless data verification and faster disbursement for tertiary students nationwide.
The newly upgraded platform, according to a statement issued on Wednesday by NELFUND’s Director of Corporate Communications, Oseyemi Oluwatuyi, is now open to all accredited Nigerian tertiary institutions. These institutions must request access to the Student Loan Application System (SLAS) in order to upload and verify student data a mandatory step before any loan can be approved or released.
“With this upgrade, all accredited institutions are now required to request access to SLAS to verify and upload student data related to loan applications,” Oluwatuyi said. “This is a critical step that ensures the timely processing and disbursement of approved student loans.”
Institutions yet to join the platform are urged to immediately request access via registration@nelf.gov.ng, with NELFUND emphasizing that further delays could hinder loan approvals for students.
The fully digitised system is a major milestone in the rollout of President Bola Tinubu’s flagship education initiative. Shortly after taking office in 2023, the president signed the Access to Higher Education Act into law, creating a legal framework to provide interest-free loans to indigent and low-income students attending Nigerian tertiary institutions.
The law also established NELFUND to manage the implementation and funding process, which has now entered a critical phase with the launch of the digital loan infrastructure.
