The Nigerian Education Loan Fund (NELFUND) has issued a clarification stating that the utilization of student loan facilities is entirely voluntary for students in tertiary institutions. The fund emphasized that no individual is compelled to apply for or accept these financial services.
This statement addresses concerns regarding the nature of the loan program, reinforcing that participation is based on the student's own discretion rather than institutional or regulatory mandate.
By defining the process as non-compulsory, NELFUND aims to ensure that prospective borrowers understand they retain full agency in deciding whether to seek financial assistance for their education.
The clarification serves to distinguish the voluntary nature of the loan application from any mandatory requirements associated with enrollment or academic progression at Nigerian tertiary institutions.
<small>Source: Punch Nigeria — read the original story there.</small>