Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Tinubu To Address NASS Joint Session On Democracy Day

    June 8, 2025

    Nollywood Needs Structure – Omotola

    June 7, 2025

    Coco Gauff Beats Sabalenka To Win First French Open

    June 7, 2025
    Facebook X (Twitter) Instagram
    Trending
    • Tinubu To Address NASS Joint Session On Democracy Day
    • Nollywood Needs Structure – Omotola
    • Coco Gauff Beats Sabalenka To Win First French Open
    • Hajj: Fire Guts Hotel Housing 480 Nigerians In Mecca
    • Darey Art Alade’s Car Completely Burnt On Third Mainland Bridge
    • President Should Stop Appointing INEC Chairman – Groups
    • Commissioners, Lawmakers Decline to Follow Governor Eno to APC
    • Enugu Governor, Mbah Mourns ‘Gwo gwo gwo ngwo’ crooner, Ejeagha
    Facebook X (Twitter) Instagram
    TheScrutinyNG
    Subscribe
    Sunday, June 8
    • Home
    • Politics
    • Business
    • News
      • World News
    • Sports
    • Interviews
    • Opinion
    • Entertainment
    • Columnists
    • ABOUT US
    TheScrutinyNG
    Home » NELFUND Outlines Student Loan Repayment Process
    2 Mins ReadMay 31, 2024

    NELFUND Outlines Student Loan Repayment Process

    By TheScrutinyNGMay 31, 2024No Comments2 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The Executive Secretary of the Nigerian Education Loan Fund (NELFUND), Akintunde Sawyerr, has disclosed the fund’s plan for students to repay back the loan.

    Sawyer, while speaking on Friday’s edition of Channels Television’s Politics Today, explained that students who take loans from the fund are expected to report to NELFUND two years after completion of their mandatory one-year National Youth Service Corps (NYSC).

    According to him, the law guiding the operation of the fund gives the two-year post-NYSC window for reporting.

    He said, “So, it’s a loan. There’s certainly an expectation to pay back. The law requires the actual reporting of your status to begin two years after your national youth service corps.

    “You’re expected to come back to NELFUND to say look, two years have gone since I did my national youth service corps, now; I’m in a position to begin to pay or I’m not in a position to pay.

    “As long as we get that reporting at regular intervals, who would be able to determine who needs to pay and when. But the minimum time that we expect you to report back to us is two years after youth corps.”

    When asked on whether there’s a moratorium for those who may not secure jobs after the NYSC, he answered in affirmative, adding however that if an individual fails to get a job after four years, the fund will not go after them, rather expect them to report regularly to NELFUND.

    Author

    • TheScrutinyNG
      TheScrutinyNG

      View all posts
    Akintunde Sawyerr NELFUND NYSC
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    TheScrutinyNG
    • Website

    Related Posts

    Featured

    Tinubu To Address NASS Joint Session On Democracy Day

    June 8, 2025
    Breaking News

    Coco Gauff Beats Sabalenka To Win First French Open

    June 7, 2025
    Culture & Tourism

    Hajj: Fire Guts Hotel Housing 480 Nigerians In Mecca

    June 7, 2025
    Featured

    Commissioners, Lawmakers Decline to Follow Governor Eno to APC

    June 7, 2025
    Breaking News

    Akwa Ibom Governor, Umo Eno Officially Joins APC

    June 6, 2025
    Breaking News

    Ex-CJN, Mohammed Uwais Dies At 89

    June 6, 2025

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    Editor's Picks

    Tinubu To Address NASS Joint Session On Democracy Day

    June 8, 2025

    Nollywood Needs Structure – Omotola

    June 7, 2025

    Coco Gauff Beats Sabalenka To Win First French Open

    June 7, 2025

    Hajj: Fire Guts Hotel Housing 480 Nigerians In Mecca

    June 7, 2025
    Latest Posts
    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • US Politics
    • EU Politics
    • Business
    • Opinions
    • Connections
    • Science

    Company

    • Information
    • Advertising
    • Classified Ads
    • Contact Info
    • Do Not Sell Data
    • GDPR Policy
    • Media Kits

    Services

    • Subscriptions
    • Customer Support
    • Bulk Packages
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 The Scrutiny. Designed by Design Streams.

    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.