The Nigerian Education Loan Fund (NELFUND) has mandated all accredited tertiary institutions to verify and upload their students’ data on the Student Loan Application System (SLAS).
NELFUND disclosed this in a statement released on its official X handle on Tuesday, Jun. 17, 2025. The Student Loan Application System (SLAS) has now been fully digitised to streamline and accelerate the student loan processing experience for institutions and applicants. With this upgrade, all accredited institutions are now required to request access to SLAS to verify and upload student data related to loan applications. This is a critical step that ensures the timely processing and disbursement of approved student loans.
The body noted that without the SLAS update, approved student loans will not be disbursed. Similarly, it was noted that loan applicants with a verified status will not receive loans until their institutions confirm and upload their names to the SLAS. After this step, the loans will be disbursed, and the status will change to ‘Disbursed.’
