A question we often receive from students is: “Can I apply for only the Upkeep Loan on the NELFUND portal?”
The short answer is No. Students cannot apply for only the Upkeep Loan. Let’s explain why and how it works.
Understanding NELFUND Loans
NELFUND provides financial support to students in Nigerian tertiary institutions to help cover educational expenses. The loan package is typically divided into two components:
- Upkeep Loan: This portion of the loan is meant to help students cover living expenses such as food, transportation, personal needs, and other day-to-day costs.
- Tuition/School Fees Loan: This part is dedicated to paying school fees, levies, and other academic-related charges.
Why You Can’t Apply for Upkeep Loan Only
The NELFUND portal is designed to approve the loan as a full package, meaning that both the tuition and upkeep portions are considered together. Students cannot pick just one component, such as only the upkeep portion, for a few reasons:
- Loan Approval Process: The loan approval system calculates eligibility based on your total financial need, which includes both tuition and upkeep. Approving only one component would disrupt the structured financial support process.
- Disbursement Rules: NELFUND disburses funds according to the breakdown approved during the application. Trying to separate the components is not allowed within the portal.
- Policy Compliance: The agency’s policy ensures that students are supported for both academic and living needs simultaneously. Applying for only upkeep could lead to incomplete funding and policy conflicts.
What You Can Do
While you cannot apply for only the Upkeep Loan, students should:
- Apply for the full NELFUND loan package when it opens.
- Ensure all personal and school details are correctly submitted to avoid delays.
- Check the disbursement schedule so you know when both tuition and upkeep funds will be available.
Conclusion
In summary: No, you cannot apply for only the Upkeep Loan on NELFUND’s portal. The system is designed to provide the full loan package, covering both tuition and upkeep, ensuring that students are financially supported for all academic and personal needs.
For more updates, tips, and guides on NELFUND, stay tuned to Studentsdash, and don’t hesitate to reach out with any questions.
