Student loans voluntary, not compulsory, NELFUND tells tertiary institutions

… Fund says borrowing is voluntary, urges institutions to stop misleading students
By Joseph Erunke, Abuja
The Nigerian Education Loan Fund (NELFUND) has declared that no student in Nigeria’s tertiary institutions is under any obligation to apply for a student loan, insisting that the scheme is designed to assist those facing financial hardship, not compel every student to borrow.
The Fund, in a clarification issued on Wednesday, stressed that accessing the interest-free loan remains a personal decision that must be guided by a student’s financial circumstances and genuine need for assistance.
NELFUND’s position comes amid the need to ensure that students, tertiary institutions an...