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Federal Government Student Loan 2024 for Nigerian Undergraduates

The Federal Government of Nigeria has now launched the Student Loan application for 2024. Financially challenged Nigerian Students can now use this opportunity to apply for the loan and fund their education.

Type:Scholarships
For: in
Study in:Africa
Level:Undergraduate
Benefits:Study Loan
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Details

According to Nigerian Government, the opening of the application portal marked a significant milestone in the commitment of President Bola Tinubu to “fostering accessible and inclusive education for all Nigerian students.”

Requirements for Federal Government Student Loan 2024

  • Student must have secured admission into any public Nigerian University, Polytechnic, college of education or any TVET school
  • Applicant income or family income must be less than N500,000 per annum
  • Applicant must provide at least two civil servants as guarantors: of not less than level 12 years in service; or a Lawyer with at least 10 years post-call experience; a Judicial officer; or a Justice of Peace.
  • Students who have defaulted on previous loans; found guilty of exam malpractice, felony, or drug offences will not be considered.
  • Students with parents who have defaulted in respect of previous loans will not be considered.

Required Documents for Federal Government Student Loan 2024

Nigerian students who wish to apply for the Federal Government Student Loan 2024 must possess the following;

  • Proof of Identity of the student (National ID, Driver’s license, International Passport or Voters card).
  • Proof of residence of the student.
  • Proof of enrolment/registration or Acceptance from an educational institution.
  • Proof of final academic results for the previous year.
  • Proof of the institution’s tuition fee.

How to Apply for Federal Government Student Loan 2024

The application guide below will assist you in applying for the Federal Government Student Loan 2024.

1. How to Create an account

Step 1: visit https://nelf.gov.ng (or click the Apply button below the page)

Step 2: Click on the “Apply Now”.

Step 3: Click on “Get Started”.

Step 4: Answer the questions on this page to continue by clicking on “Yes, I am a Nigerian”.

Step 5: Verify your educational information. You would be required to select your school from a dropdown and provide your matric number to check if your school has uploaded your details.

Step 6: Click the “Verify with JAMB” and enter your JAMB details in the screen.
(Students whose NIN has not been registered with JAMB will have an input field where they can enter their NIN for validation).

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Step 7: Create an account by entering your Email address, Password and Confirm Password in the fields provided and click “Create Account”.

Step 8: Click the email verification link sent to your email.
This concludes the process of creating an account.

2. How to Complete your Profile

After successful registration, log in by clicking the “LOGIN” button.

Step 1: Enter your email address and password to Login.

Step 2: Click on the “Proceed to Contact Details” button.

Step 3: Update contact details with the current information of your Phone Number, Full Residential Address, State of Residence and Local Government Area of Residence and click “Proceed to Educational Details”.

Step 4: Update your educational details by selecting your Higher Institution and inputting your Matric Number, then click “Proceed to Account Details”.

Step 5: Verify your BVN by entering your BVN, select your Bank Name and enter your Account Number. Click “Save Changes” to complete your profile.

3. How to Apply for loan

Step 1: Click on the “Request for Student Loan” button at the top right of the screen on the home or loans page after logging into the application.

Step 2: If you want an upkeep loan, click the check box, and click Continue, if all you need is the institutional charge, click the “Continue” button.

Step 3: Upload supporting documents. The admission letter is compulsory which the Student ID and Institution Invoice are optional. Click the checkbox for the policy and declaration and click “Continue”.

Step 4: Read the loan overview and click the check boxes for both the Terms & Conditions and GSI Mandate then click “Submit Application”.

Step 5: Click on the “Loans” button to view the status of your application.

Goodluck.

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Federal Government Student Loan 2024
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