The Students’ Union Government (SUG), in coordination with the University Management, has formally ratified the operational guidelines for the administration of the Nigerian Education Loan Fund (NELFUND). This update serves as a critical roadmap for beneficiaries to reconcile their financial accounts, finalize their academic registration, and ensure their eligibility for the forthcoming examinations.
With the recent institutional policy shift, the university has officially abolished the "Suspension of Studies due to Financial Constraints," positioning the NELFUND loan as the primary statutory safety net for students facing economic challenges.
DISBURSEMENT AND REFUND MECHANISMS
For students whose loan applications have been successfully processed and disbursed, the university has established a clear "Credit Reconciliation" framework based on the student's current academic status.
1. Refund Eligibility for Pre-Paid Tuition
Students who settled their tuition fees out-of-pocket prior to the receipt of NELFUND credits are eligible for a financial adjustment:
- Graduating Students: These individuals will receive a Direct Refund of the overlapping amount, processed through the Bursary Department.
- Extra-Year/Continuing Students: The disbursed loan amount will be Carried Forward and credited to the student’s account for the 2025/2026 Academic Session, effectively covering future liabilities.
#### 2. Portal Synchronization
Beneficiaries must verify that their loan status is reflected on their Personal Student Portals. This digital update is a prerequisite for all subsequent administrative clearances and course registrations.
THE ICT VERIFICATION AND RESULT UPLOAD PROCESS
To bridge the gap between financial aid and academic records, all affected students must undergo a mandatory "Data Integration" exercise at the Directorate of Information and Communication Technology (ICT).
- The Administrative Fee: A mandatory fee of N2,000.00 is required to facilitate the secure online upload of academic results and the synchronization of the NELFUND status with the university's central database.
- Course Registration: Upon payment, students must proceed to the ICT Directorate to finalize their course enrollment for the current semester.
Mandatory Documentation for ICT Clearance:
Students visiting the ICT department are strictly required to present the following "Verification Portfolio":
- NELFUND Loan Slip: The official confirmation document from the loan fund.
- Payment Evidence (N2,000.00): Receipt or bank teller for the result upload fee.
- Outstanding Balance Receipt: Evidence of payment for any remaining school fees not covered by the loan.
EXAMINATION ELIGIBILITY AND EMERGENCY CLEARANCE
The university maintains a "Zero-Tolerance" policy for unregistered students during the examination period. To avoid being barred from examination halls, students must adhere to the following:
- Registration Deadline: Students must complete their full course registration before the commencement of examinations.
- Emergency ICT Clearance: In exceptional cases where registration is pending at the start of exams, students must obtain a specific Written Clearance Document from the Directorate of ICT. This document serves as the only valid "Gate Pass" to sit for papers in the absence of a completed registration slip.
CONCLUSION: TRANSITIONING TO A DEBT-FREE ACADEMIC PATHWAY
The integration of NELFUND into the university’s financial ecosystem represents a significant effort to eliminate the need for academic deferrals. By following these ICT and Bursary protocols, students can ensure their focus remains on academic excellence rather than financial anxiety. Ensure all payments and documentation are finalized before the examination countdown begins.