Ahead of the official launch of the Student Loan Scheme on February 21, 2024, the Nigeria Education Loan Fund said it is finalising repayment modalities.
Although it confirmed that the 10 per cent direct deduction from the beneficiaries’ salaries still stands, applicants can pay higher percentages or 100 per cent upfront if they choose.
Punch gathered persons confirmed to be dead, terminally ill, and incapable of earning a living through work will be granted waivers.
On Wednesday, February 7, the Executive Secretary of NELFund, Dr Akintunde Sawyerr, confirmed that the much-awaited scheme would go live on February 21, when President Bola Tinubu launches it at the State House, Abuja.
BY- OPEOLUWA MICHEAL-AYOBAMI