The Nigerian Education Loan Fund (NELFUND) has clarified that student loans are voluntary and not compulsory for students in tertiary institutions across the country.
The clarification is aimed at addressing concerns surrounding the student loan scheme, which provides financial assistance to eligible students to support their education.
NELFUND explained that students are free to decide whether to apply for the loan, stressing that accessing the scheme is a matter of personal choice rather than a compulsory requirement for tertiary education.
The student loan programme was introduced to ease the financial burden on students and their families by providing support for educational expenses.
The fund has continued to encourage eligible students who need financial assistance to take advantage of the initiative while emphasising that participation remains voluntary.