Nigerian Education Loan Fund, NELFUND, has directed institutions to verify and upload their students data on the Student Loan Application System, SLAS.
This is contained in a statement made available to newsmen in Abuja on Wednesday by the Director, Strategic Communications of NELFUND, Mrs Oseyemi Oluwatuyi.
Oluwatuyi said SLAS had now been fully digitised to streamline and accelerate the student loan processing experience for institutions and applicants.
According to her, with this 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 on boarded onto the system are kindly requested to send an access request to [email protected] 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.
Oluwatuyi urged all institutions to take immediate action in the interest of their students, as verification and data upload by the institutions were mandatory steps before final approval and disbursement can be completed.
She added that if a student’s loan portal status currently showed “Verified,”; this indicated that the student application had successfully passed initial checks.
She, however, said that final approval and disbursement were subject to confirmation and upload of students data by the institution.
“Once this process is completed, your status will be updated to “Disbursed”; when the payment of your fees has been processed,”; she stressed.
Oluwatuyi urged students to contact the fund via email at [email protected] for any assistance.
Other channels of communications, according to her, are – X (formerly Twitter): @nelfund, Instagram: @nelfund, Facebook & LinkedIn: Nigerian Education Loan Fund – NELFUND.
