At the University of Ibadan (UI), over 1,370 undergraduates applied for federal student loans through the Nigerian Education Loan Fund (NELFund) for the 2023/2024 academic session, with UI management receiving more than N201 million in August. However, many students, some of whom applied as early as May 2024, have not yet received their loan approvals, raising concerns about their ability to pay tuition fees, which are due by September 20. Student leader Bolaji Aweda indicated that the delays could lead to students being dropped from their programs, prompting the student body to launch an emergency fundraiser to help at least 500 students cover their financial obligations. UI’s recent fee increase, with rates up to N412,000 depending on the course, has further intensified the financial strain, leaving many students feeling hopeless as they rely on NELFund for support.
https://www.thecable.ng/nelfund-to-intervene-as-500-ui-students-risk-missing-fee-payment-deadline