Nigerian Education Loan Fund (NELFUND) says the Student Loan Application System (SLAS) has now been fully digitised to streamline and accelerate the student loan processing experience for institutions and applicants.
Director, Strategic Communications of the fund, Mrs. Oseyemi Oluwatuyi in a statement noted that with the upgrade, all accredited institutions are now required to request access to SLAS to verify and upload student data related to loan applications.
“This is a critical step that ensures the timely processing and disbursement of approved student loans. Institutions that have not yet onboarded onto the system are kindly requested to send an access request to registration@nelf.gov.ng without delay.
“Once granted access, institutions will be able to view a real time dashboard of their students’ loan applications, verify submitted data, and track the status of each application,” she said.
She urged all institutions to take immediate action in the interest of their students, as verification and data upload by the institutions are mandatory steps before final approval and disbursement can be completed.
“To our successful student applicants, please note: If your loan portal status currently shows “Verified,” this indicates that your application has successfully passed initial checks.
“However, final approval and disbursement are subject to confirmation and upload of your data by your institution. Once this process is completed, your status will be updated to “Disbursed” when the payment of your fees has been processed,” she said.
Oluwatuyi said the fund appreciates the cooperation of all institutions and the patience of student beneficiaries as the agency continues to streamline and digitise the student loan experience for greater transparency, efficiency, and accountability.
She said that for further inquiries or assistance, stakeholders should please contact fund via email at info@nelf.gov.ng or reach out through our official social media platforms.
Lateefah Ibrahim