Accessing affordable higher education in Nigeria has always been a major concern for many families. With university fees rising, many students find it hard to continue their studies without financial support. The Federal Government of Nigeria has introduced a formal student loan programme to help eligible students cover school fees and upkeep while in tertiary institutions.
The programme allows students to focus on their studies without worrying about the burden of fees, offering a structured and manageable repayment plan after graduation, and this guide explains exactly how to apply for a student loan in Nigeria, what requirements you must meet, and how the process works.
What Is the Student Loan Scheme in Nigeria?
The student loan scheme in Nigeria is a federal initiative aimed at giving qualified students interest‑free loans to cover tuition and upkeep while they pursue higher education.
It is managed through the Nigerian Education Loan Fund (NELFUND), which provides an online application platform where eligible students can apply for support. The loan is meant to break down financial barriers and make university, polytechnic, college of education, or vocational training more accessible.
Who Is Qualified to Apply for Student Loan in Nigeria?
Before starting the application, you need to confirm that you are eligible. Here are the main eligibility requirements for the student loan programme:
1. Nigerian Citizenship
You must be a Nigerian citizen with a valid National Identification Number (NIN) and Bank Verification Number (BVN).
2. Admission to an Accredited Tertiary Institution
Confirmed admission into a Nigerian university, polytechnic, college of education, or approved vocational school through the Joint Admissions and Matriculation Board (JAMB) for a full‑time undergraduate studies.
3. Full‑Time Enrolment
Students in private universities are not eligible at the moment, although unless specific inclusion policies maybe updated later.
Also Read on: How to Make Money Online in Nigeria as a Student
Required Documents for the Student Loan Application
Before processing the application, you are required to gather all required documents, and that must include the following:
- A valid admission letter from your institution is compulsory
- Your National ID number must be included in the application so that the portal can verify your identity
- Your BVN linked to a valid Nigerian bank account is essential for verification and potential loan disbursement
- Student identity number helps confirm your status in the institution
How to Apply for Student Loan in Nigeria
Below is the exact process you should follow to apply for your student loan in Nigeria:
1. Visit the Official NELFUND Portal
Open your web browser and go to the NELFUND application site at www.nelf.gov.ng.
2. Create an Account
- On the homepage, click on the button to start your application.
- You will be taken to a registration page.
- Use a working email and phone number so the portal can send you updates.
- Enter your full name, create a password, and verify your email.
3. Complete Your Personal and Academic Information
- Once your account is active, log in and fill in your personal details such as NIN, BVN, date of birth, and address.
- Go to the academic section, fill in your institution’s name, matriculation number, JAMB number, and upload your admission letter.
4. Select Loan Type
The NELFUND platform lets you choose between a tuition‑only loan or a loan that includes upkeep allowance.
5. Upload Supporting Documents
Upload all required documents. Ensure that the scans or pictures you upload are clear and within the size limits set by the portal. This usually includes your admission letter, student ID card, and any other identity documents.
6. Review and Submit
Before submitting, carefully review all the details you entered. Mistakes like misspelt names or wrong numbers will likely lead to rejection. When everything is correct, click submit.
After submission, log in regularly to check your dashboard for updates. NELFUND will verify your details with your school and other government systems. The status begins with Pending to Verified to Approved to finally Disbursed if you are qualified, and straight to Not Approved/Disqualified from Pending if you are not qualified.
Repayment of Student Loan in Nigeria
You do not usually begin repayment while you are still in school. After graduation, repayment typically starts two years after completing the National Youth Service Corps (NYSC), or when you begin earning an income, whichever comes first. This gives time for you to settle into a job or start earning.
Frequently Asked Questions (FAQs)
Ques: Can Students in Private Universities Apply?
Ans: No, students in private universities as of now can not apply. The policy focuses mainly on public federal and state institutions.
Ques: What if my Application is Rejected?
Ans: You are allowed to apply again. If there was a mistake in the previous application, ensure to correct it before applying again.
Ques: Is the Loan Interest‑free?
Ans: Yes, the federal student loan is interest‑free, but repayment is mandatory under agreed terms.
Ques: Can I Apply for Tinubu Student Loan as 100Level Student?
Ans: No, you can not apply for the student loan if you are in 100level which is your first year in the tertiary instituion.
Ques: What Does Loan Status “Verified” Means?
Ans: Your information has been verified, and once it changes to “Approved”, it soon will change to “Disbursed” and you get paid.
Ques: Is Verified the Same Thing as Approved?
Ans: No, the “Verified” and “Approved” statuses are different, you will get your application verified first before getting the approved status.