The Nigerian Education Loan Fund has warned against what it described as a “fraudulent advertisement” about a ‘Federal Study Loan.’
This followed adverts on some news sites where the website, www.fedstudyloan-gov.ng is being advertised as the application portal for the highly anticipated student loan scheme of the Federal Government.
NELFUND Media and Public Relations Lead, Nasir Ayitogo said the Fund’s official channel for student loan applications, which will be open to the public in due course, is www.nelf.gov.ng.
Therefore, he appealed to persons who encounter the fake website to report it to the authorities immediately.
On the 3rd of April, President Bola Tinubu signed the Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024, into law.
This followed separate considerations by both the Senate and the House of Representatives of the report of the Committee on Tertiary Institutions and TETFund.
The newly-signed piece of legislation was an upgrade of the Access to Higher Education Act, 2023 Tinubu signed into law on the 12th of June, 2023.
The law enables indigent students to access interest-free loans for their educational pursuits in any Nigerian tertiary institution.
It also established the Nigerian Education Loan Fund to process all loan requests, grants, disbursements and recoveries.