LAUTECH National Loan Education Fund (NELFUND); The National Loan Education Fund (NELFUND) was established by the Federal Government of Nigeria to provide financial aid to students in public tertiary institutions. This initiative seeks to make education more accessible by reducing financial challenges for students and their families.
The loan is interest-free, comes with no hidden charges, and offers a flexible repayment plan starting two years after completing the National Youth Service Corps (NYSC) programme.
Benefits of NELFUND for LAUTECH Students
The NELFUND initiative is specifically designed to support students facing financial barriers in their educational journey.
- The loan provides an opportunity for students to focus on academics without immediate financial burdens.
- Its flexible repayment structure gives graduates sufficient time to establish themselves professionally before repayment begins.
Observations from LAUTECH Management
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The Ladoke Akintola University of Technology (LAUTECH) management has observed that the number of its students accessing the NELFUND remains low compared to other institutions nationwide.
- The university encourages all eligible students to apply for the loan to alleviate financial stress.
- This initiative aims to promote uninterrupted learning and academic excellence for students in public tertiary institutions.
Steps to Apply for the NELFUND Loan
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Students interested in applying for the NELFUND loan should follow these steps:
- Visit the NELFUND registration portal.
- Complete the registration process by providing accurate personal and academic information.
- Submit all required details and follow any additional instructions provided on the portal.
Message from the Vice-Chancellor
The Vice-Chancellor of LAUTECH extends warm wishes to all returning students and new entrants. Students are encouraged to prioritize their academic goals and take full advantage of resources like NELFUND to ease financial challenges.
This initiative demonstrates the government’s commitment to ensuring education remains accessible to all, regardless of financial constraints.
