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With the Nigerian Schooling Mortgage Fund (NELFUND) set to open the coed mortgage software portal on Could 24, 2024, some Nigerians are elevating questions on eligibility.
Oluwole Ojabowale, responding to the announcement on social media, requested if college students in Faculties of Nursing can apply. One other person, Ciroma, inquired if postgraduate college students are eligible.
The federal authorities had beforehand clarified the eligibility standards when President Bola Ahmed Tinubu signed the coed loans invoice into regulation on April 3, 2024.
The president had hinted that not all undergraduates qualify for this initiative, which is described as “unprecedented within the historical past of training in Nigeria.”
5 classes of scholars are ineligible for the mortgage:
- College students responsible of examination malpractice.
- College students who’ve defaulted on earlier loans.
- College students with a felony file involving dishonesty or fraud.
- College students whose dad and mom have defaulted on any mortgage.
- College students convicted of drug offenses.
Eligible college students are these in public tertiary establishments who’re free of those disqualifications.
The presidency emphasised that this mortgage scheme goals to construct a talented workforce able to self-employment, thereby boosting Nigeria’s productiveness.
President Tinubu defined that the federal authorities goals to supply monetary help to underprivileged Nigerian college students in tertiary establishments.
Akintunde Sawyerr, managing director of NELFund, added that the mortgage would cowl 100% of institutional charges for eligible college students in public tertiary establishments.
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