The Nigerian Education Loan Fund (NELFUND) says access to student loan scheme is voluntary and not compulsory for students in Nigerian Tertiary Institutions.
NELFUND authority explains that the scheme is designed to provide financial assistance to students who need support to meet the cost of their education.
It stresses that the loan is interest-free but comes with repayment obligations under the student loans act. Students are advised to understand the terms before applying.
NELFUND urges tertiary institutions and student leaders to provide accurate information and guide students who need financial assistance to access the scheme.
