Nigerian Education Loan Fund (NELFUND) and Students in Tertiary Institution in Nigeria

Abstract

Access to tertiary education has expanded globally through the provision of student loans, enabling individuals to invest in their human capital despite financial limitations. These loans complement governmental and institutional grants, making higher education more attainable and boosting the overall educational level of the population. In Nigeria, the recent establishment of the Nigerian Education Loan Fund (NELFUND) represents a major policy intervention aimed at easing financial constraints for students in tertiary institutions.