The repayment of the loan was made known in a statement issued by the Nigerian Education Loan Fund on Tuesday in Abuja.
Browsing: Student loan
This was disclosed on the official X handle (formerly Twitter) of the Nigerian Education Loan Fund on Wednesday.
Economic Confidential reports that the largest beneficiary was Bayero University Kano got the largest share of the loan.
The Spokesman of the Fund, Nasir Ayitogo, in a statement on Friday in Abuja, said that 22,120 students benefited from the exercise.
The Fund, in a statement signed by the Head, Media and Public Relations, Nasir Ayitogo, noted that the onboarding followed the successful submission and verification of data completeness.
The Fund, in a statement issued in Abuja, said the decision was necessitated by the failure of several state-owned institutions to upload the required student data and fee information to the NELFUND Student Verification System.
This was made known in a statement by its Head, Media and Public Relations, Nasir Ayitogo, in Abuja on Thursday.
Similarly, over 60,000 individuals have registered on the website of the fund.
The alumni group gave the commendation as the Federal Government launched the Nigerian Education Loan Fund.
He also appealed to President Tinubu to extend this loan to students in Diaspora, while noting that many Nigerian studying overseas are suffering to meet up with their school fees.
The bill, which scaled first, second, and third readings in both parliamentary sittings, became law on Wednesday.
He said with the scheme, industrial action by staff unions of tertiary institutions would become a thing of the past.
The Moshood Abiola Polytechnic Abeokuta Muslim Alumni (MAPAMA) has hailed the directive by President Bola Tinubu on the Student Loan scheme take off.
Tinubu made the directive last week in Abuja.