Date: June 22, 2025
Time: 6:00 AM
The Nigerian Education Loan Fund (NELFUND) has published its weekly status report for student loan activity as of June 22, 2025. The latest data tracks application growth and funding disbursement progress since the portal launch on May 24, 2024.
Weekly Overview:
- Registered Students: 635,677
- Loan Applicants: 598,107
- Success Rate: 94% of registrants have successfully applied
Week-to-Week Growth:
- +2,394 new successful registrants
- +2,002 new successful applicants
- 83% of newly registered users succeeded in applying
Loan Disbursement Figures (as of June 5, 2025):
- Institutional Fees Paid: ₦30,179,263,149.00
- Upkeep Allowance Paid: ₦29,699,020,000.00
- Total Loan Disbursed: ₦59,878,283,149.00
Beneficiaries:
- Institution Beneficiaries: 198
- Student Beneficiaries: 298,124
Stay Updated
Do you want to keep track of all student loan updates?
Bookmark ScholarCareer.com.ng for daily and weekly NELFUND loan statistics, education news, and scholarship opportunities.
