21. February 2026
Admin
NELFund Disburses ₦31.3m Students Loan to Kano Varsity
The National Education Loan Fund (NELFund) has disbursed an education loan totaling **₦31.3 million** to eligible students at Kano State University of Technology. The funding is part of a broader effort to help students afford their academic fees and reduce financial burdens that would otherwise hinder their studies.
Quick Insight: NELFund student loans are designed to give access to credit at lower interest rates and flexible repayment options, making higher education more affordable for young Nigerians from diverse backgrounds.
Who Received the Loans
The loan was distributed to several students across various departments who had qualified based on set criteria. These criteria typically include academic performance, financial need, and acceptance into an accredited tertiary institution.
Purpose of the Loan
NELFund’s goal with these student loans is to support students in paying for tuition, accommodation, books, and other study‑related expenses so they can stay in school and complete their programmes without unnecessary financial stress.
How the Loan Helps Students
By offering manageable repayment terms and low interest rates, the funding aims to reduce barriers to higher education — especially for students from lower‑income families who might otherwise delay or abandon their studies due to costs.
Final Thoughts
This disbursement highlights ongoing efforts to make quality tertiary education more accessible. Student loans like this can help promising learners stay on track and work toward careers that benefit both themselves and their communities.
Tip: When applying for student loans, always check the terms and repayment schedule so you can plan ahead and meet your financial obligations responsibly.
