NELFUND: UniCal pledges concession for education loan beneficiaries unable to access funds

The University of Calabar (UniCal) has announced a concession for beneficiaries of the Nigerian Education Loan Fund for the 2023/2024 session who were unable to access the funds.

In a statement issued in Calabar on Tuesday, the Deputy Vice-Chancellor (Academic), Prof. Tony Eyang, assured that affected students who are yet to graduate would be allowed to register for the 2024/2025 academic session.

Prof. Eyang explained that the funds from the 2023/2024 loan would be redirected to cover the tuition fees for the upcoming session for eligible beneficiaries.

Additionally, once the 2024/2025 loan is disbursed, graduating beneficiaries will receive refunds after completing their Bursary clearance.

“Beneficiaries who graduated in the 2023/2024 session will be refunded the fee paid to the University after Bursary Clearance.

“Beneficiaries and other students alike are therefore urged to register for the 2024/2025 loan, as the verification of applicants is ongoing.”

He also said that beneficiaries who made part payment in the 2023/2024 and have not settled the balance will have to pay it in 2024/2025.

He explained that while the university’s Information and Communication Technology (ICT) Centre was the hub for NELFUND registration, the dashboard of beneficiaries on the fee portal was to be configured to reflect NELFUND disbursement.

He also used the opportunity to advise students to take advantage of the unique opportunity and register for the fund now.

NELFUND is an initiative of the Federal Government aimed at providing financial assistance to students in tertiary institutions across Nigeria.

NAN