September 07, 2024
By Samuel Ogunsona
Rector of the Moshood Abiola Polytechnic (MAPOLY), Dr. Adeoye Odedeji, in Abeokuta, announced on Friday that students who applied for the Nigeria Education Loan Fund (NELFUND) have started receiving credit alerts from banks for their student loans.
This was made known during the inauguration of the institution’s newly elected Students Union Government members.
The Rector explained that the loans, received on behalf of the students, are intended to cover their school fees.
However, he expressed concern that many students have not taken advantage of this opportunity provided by the Federal Government.
Dr. Odedeji urged students to utilize this initiative, emphasizing its potential to alleviate the financial stress associated with securing funds for tuition fees.
“We discovered that from our own side, we sent about 11,000 depth data for NELFUND and NELFUND waited for students to register.
“It was only 81 students from the institution that registered and applied, and after screening those 81 students, 26 students were found to be qualified.
“Majority of the students did not apply for the loan. I strongly believe that the opportunity is still there, and they should go and apply for this loan.
“For the 26 students that were found qualified, I received alerts for the payment of their school fees this morning. That simply means those students’ school fees for the next session have been taken care of.
“NELFUND in due course will again credit their bank accounts with maintenance allowance which will not come to the school,” he said.
