Lagos State University (LASU) has officially announced the disbursement of the Nigerian Education Loan Fund (NELFUND) to eligible students who applied for the loan.
Students who have successfully applied for the loan will have their school fee accounts credited directly by the Nigerian Education Loan Fund (NELFUND).
Verification of Loan Status
To verify your loan status, please follow these steps:
- Visit the official NELFUND Loan Status Portal https://lasu.edu.ng/nelfund/
- Enter your matriculation number in the designated field.
- Upon the successful loading and display you will confirm your status as either successful or unsuccessful.
Next Steps for Successful Applicants
If your loan status is indicated as successful, please note the following:
- Your school fee account has been credited by the Directorate of ICT.
- You are now eligible to proceed with the registration of your first semester courses.
- Your school fee receipt can be printed from the registration portal.
Contact Information for Inquiries
Students who have complaints and need further assistance or any form of inquiries regarding the loan applications or the application process can send mail via director.interventions@lasu.edu.ng.
For issues related to school fee payments, please contact director.ict@lasu.edu.ng.
It is essential to adhere to the provided instructions to complete your registration and to fully benefit from the provisions of the loan.
About NELFUND
The Nigerian Education Loan Fund (NELFUND) serves as a significant financial institution established in accordance with the Student Loans (Access to Higher Education) (Repeal and Re-enactment) Act of 2024. This legislation was enacted by President Bola Tinubu on April 3, 2024, representing a landmark advancement towards the promotion of sustainable higher education and the development of functional skills for Nigerian students and youth.
Background
The Nigerian Education Loan Fund (NELFUND) was instituted in response to the limitations encountered in the previous Student Loan Act of 2023, which encountered various challenges related to governance, management, loan utilization, eligibility criteria, application processes, repayment frameworks, and loan recovery mechanisms.
Objectives
The principal objective of NELFUND is to furnish financial assistance to eligible Nigerian citizens to cover tuition and associated fees, as well as living expenses during their academic pursuits in recognized tertiary institutions and vocational skills acquisition programs within Nigeria.