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Beneficiary of Student Loan Repays N750 from 1976 with N1.5m to Support New Student Loan Scheme

Folaranmi Ajayi by Folaranmi Ajayi
November 20, 2024
in Newsflash
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Beneficiary of Student Loan Repays N750 from 1976 with N1.5m to Support New Student Loan Scheme

A beneficiary of the 1976-1977 student loan scheme has repaid a sum of N1.5 million to the newly constituted National Education Loan Fund (NELFUND), despite originally borrowing only N750 during their studies.

The individual, who remains anonymous, benefitted from the now-defunct educational loan board during their academic journey nearly five decades ago.

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Tags: BeneficiaryLoan SchemeN1.5mN750RepaysStudent Loan
Folaranmi Ajayi

Folaranmi Ajayi

Folaranmi Ajayi, is an educator and journalist covering education,as an educator he has over a decade of experience in teaching and helping students pass exams with above-average grades. He is an education journalist with a special interest in local education,policy writing, solutions journalism, mentoring students, public speaking, and online training.

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