OSPOLY Suspends Endowment Fund Payment Requirement for Graduating Students

The management of Osun State Polytechnic, Iree (OSPOLY) has announced a suspension of the endowment fund payment requirement for graduating students. This directive provides relief to final-year students who were previously required to make the payment.

Official Directive

According to an internal memorandum dated October 20, 2025 (Reference: REG.20/VOL.IV/205), the polytechnic has suspended all actions regarding the endowment fund payment by graduating students.

Who Is Affected?

The suspension applies to:

• ND II Students: National Diploma Year 2 graduating students
• HND II Students: Higher National Diploma Year 2 graduating students

Background

The suspension reverses an earlier directive issued on October 16, 2025, which had required graduating students to pay the endowment fund. The reasons for the suspension were not explicitly stated in the new memo.

What Graduating Students Should Do

1. Take note of this suspension
2. Do not proceed with endowment fund payment at this time
3. Await further directives from the institution
4. Focus on completing other graduation requirements

Official Communication

The directive was signed by Abiodun O. Oloyede, the Registrar and Secretary to the Governing Council. Students are advised to monitor official channels for any updates or changes to this policy.

This development comes as welcome news to graduating students who may have been concerned about additional financial obligations before their graduation.