…orders fresh applications each session
The Nigerian Education Loan Fund, NELFUND, has issued sweeping new rules that will reshape how students access upkeep loans, declaring that disbursements will now be tied strictly to the academic calendar of each institution.
The Fund, in a statement by its Director of Strategic Communications, Mrs. Oseyemi Oluwatuyi, on Thursday in Abuja, said under the new directive, upkeep payments will automatically stop once an academic year ends, regardless of whether students have fully received their entitlement.