Nigeria, Aug. 24 -- The Nigerian Education Loan Fund (NELFUND) has announced a major shift in its student loan disbursement structure, moving from a standardized 12-month payment schedule to a more flexible, per-academic-session model.



The new system is designed to address the longstanding challenge of aligning loan disbursements with Nigeria's diverse higher education calendars, which often vary by institution.



According to NELFUND's Director of Strategic Communications, Mrs. Oseyemi Oluwatuyi, the change will ensure that upkeep stipends are released "in a timely and relevant manner" to match students' academic timelines.



"This new approach guarantees that students receive their stipends when they need them most," Oluwatuyi s...