Student loans are voluntary, not compulsory, NELFUND tells institutions

The Nigerian Education Loan Fund (NELFUND) has clarified that students at tertiary institutions are not required to apply for a loan. The interest-free scheme is intended to help eligible students facing financial hardship, not to require every student to borrow. NELFUND noted that borrowers must repay the loans under the Student Loans Act and urged institutions and student leaders to provide accurate information about the scheme’s terms.