KWASU Announces NELFund Payment Disbursement Starting May 14, 2025

Kwara State University (KWASU) has announced that it has received Nigerian Education Loan Fund (NELFund) payments from the federal government. According to the university's Registrar, Dr. Kikelomo W. Sallee, disbursement to verified student beneficiaries will begin on Wednesday, May 14, 2025.

What is NELFund?

The Nigerian Education Loan Fund (NELFund) is a federal government initiative designed to provide interest-free loans to Nigerian students pursuing higher education. The programme aims to remove financial barriers preventing qualified students from accessing quality education.

Unlike traditional student loans with interest charges, NELFund loans are interest-free and come with flexible repayment terms that begin after graduation and the completion of mandatory NYSC service.

Disbursement Timeline

Start Date: Wednesday, May 14, 2025

KWASU confirmed that payments will be released to verified student beneficiaries starting on this date. The university emphasized its commitment to ensuring "a smooth and transparent disbursement process."

Who Will Receive Payment?

Only verified student beneficiaries will receive NELFund disbursements. This means:

• You must have successfully applied for NELFund
• Your application must have been approved by NELFund authorities
• Your student status at KWASU must be verified
• You must have provided accurate banking details for disbursement

If you applied but haven't heard back about verification status, contact the KWASU Bursary Department or NELFund office before May 14.

What the Loan Covers

NELFund typically covers:

• Tuition fees: Full or partial payment of school fees
• Stipends: Monthly allowances for living expenses (where applicable)
• Other educational costs: Books, accommodation, and related expenses depending on approval

The exact amount you receive depends on your approved application and the terms of your NELFund loan.

How Disbursement Will Work

Based on typical NELFund processes:

1. Direct Bank Transfer: Funds will be transferred directly to the bank account you provided during application
2. Tuition Payment: Some portions may be paid directly to the university for tuition
3. Stipend Release: Monthly allowances (if approved) may follow a separate schedule

Follow proper university procedures and ensure your banking information is up to date to avoid payment delays.

Important Reminders for Beneficiaries

1. Verify Your Bank Details: Ensure the account number you provided is correct and active
2. Monitor Your Account: Check your bank account regularly from May 14 onwards
3. Keep Records: Save all payment confirmations and receipts
4. Use Funds Appropriately: NELFund loans are for educational purposes—use them wisely
5. Understand Repayment Terms: Familiarize yourself with when and how repayment begins after graduation

What If You Haven't Applied?

If you're a KWASU student who didn't apply for this round of NELFund, don't worry. The programme typically has multiple application windows throughout the academic year.

To apply for future NELFund disbursements:

1. Visit the official NELFund portal at www.nelfund.gov.ng
2. Create an account with your valid student credentials
3. Complete the application form accurately
4. Upload required documents (admission letter, student ID, bank details)
5. Submit and await verification

Repayment Information

Understanding repayment terms is crucial:

• When repayment starts: Two years after completion of NYSC service
• Interest rate: 0% (interest-free loan)
• Repayment method: Typically deducted from your salary if formally employed
• Grace period: No payments required while in school or during NYSC

This makes NELFund one of the most student-friendly loan programmes available to Nigerian students.

KWASU's Commitment

The university expressed appreciation to both the federal government and NELFund management for the timely intervention. Dr. Sallee emphasized KWASU's commitment to transparency in the disbursement process, ensuring that all verified beneficiaries receive their allocations without delays or complications.

Need Help?

For questions about your NELFund status or disbursement at KWASU:

• KWASU Bursary Department: Visit the office on campus
• NELFund Hotline: Check the official NELFund website for contact numbers
• KWASU Registrar's Office: For general inquiries about the disbursement process

If you're a beneficiary, mark May 14, 2025, on your calendar and ensure all your documentation is in order. This loan is designed to support your education—make the most of it!