LAUTECH NELFUND: Student Loan Easy Guide
The Ladoke Akintola University of Technology (LAUTECH) provides access to the National Loan Education Fund – LAUTECH NELFUND.
It is an interest-free student loan established by the Federal Government of Nigeria. This initiative is designed to ease financial challenges for students and ensure uninterrupted academic progress.
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What is NELFUND?
The National Loan Education Fund (NELFUND) is a financial aid program that:
- Provides interest-free loans to students in public tertiary institutions.
- Ensures no hidden charges.
- Features a flexible repayment plan, beginning two years after completing the National Youth Service Corps (NYSC) program.
Benefits of LAUTECH NELFUND for Students
- Reduced Financial Burden: The loan eliminates immediate financial worries, allowing students to focus on academics.
- Flexible Repayment Plan: Graduates are given ample time to stabilize financially before repayment begins.
- Promotes Education Access: The initiative supports students from financially challenged backgrounds, ensuring they can continue their education without interruptions.
Concerns from LAUTECH Management
Despite its benefits, LAUTECH has observed that a relatively low number of its students have accessed the NELFUND compared to peers at other institutions nationwide.
The university strongly encourages eligible students to take advantage of this opportunity to alleviate financial stress and stay focused on their studies.
How to Apply for LAUTECH NELFUND
Follow these steps to apply for the LAUTECH NELFUND loan:
- Visit the NELFUND Registration Portal
- Access the official registration platform to begin your application.
- Complete Registration
- Provide accurate personal and academic information.
- Submit Your Application
- Follow the instructions on the portal to complete the submission process.
Message from the Vice-Chancellor
The Vice-Chancellor of LAUTECH extends warm greetings to all students and highlights the university’s commitment to supporting education through initiatives like NELFUND.
Students are encouraged to prioritize their academic goals and take full advantage of available resources to succeed.
This program reflects LAUTECH’s dedication to fostering an inclusive educational environment for all.
For more information, visit the LAUTECH website or the NELFUND portal.
RECOMMENDED: LAUTECH Admission List
