"The Nigerian Education Loan Fund (NELFUND) has announced the immediate rollout of institutional fee payouts and monthly upkeep allowances for successful applicants across 45 federal and state universities."
NELFUND Commences Phase 2 Student Loan & Upkeep Disbursement for 2026/2027 Session
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✅ VERIFIED REPORT: Cross-referenced as of Thursday, 27 August 2026.
Published: Thursday, 27 August 2026 |
Source: CampusAI News
📌 Overview
The Nigerian Education Loan Fund (NELFUND) has officially flagged off the distribution of tuition fee payments directly to tertiary institution accounts, alongside monthly upkeep stipends to verified students. Over 120,000 undergraduate applicants across participating federal and state institutions have been cleared for this disbursement round.
📅 Official Timetable / Key Details
| Disbursement Activity | Date / Status |
|-----------------------|---------------|
| Application Portal Closes | September 15, 2026 |
| Institutional Fee Direct Transfers | Ongoing (Commenced Aug 25, 2026) |
| August Upkeep Allowance Credit | August 28 – August 31, 2026 |
| Batch 3 Verification Portal Open | September 1, 2026 |
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