Today's NELFUND Student Loan Disbursement News, February 11th, 2026

The Nigerian Education Loan Fund (NELFUND) has released its latest Daily Status Report, providing a transparent look at the scale of financial support being extended to Nigerian students. Since the portal’s launch on May 24th, 2024, the initiative has grown into a cornerstone of the Renewed Hope Agenda, aimed at ensuring that no student is forced to drop out due to financial constraints.

Here is a breakdown of the milestones achieved as of 8:10 AM today, February 11th, 2026

The Big Picture: Applications & Beneficiaries

The demand for educational support remains high, with over 1.5 million students engaging with the portal since its inception.

a. Total Applications Received: 1,593,279

b. Total Beneficiaries: 983,706 students have already seen the impact of the scheme on their academic journey.

c. Daily Growth: The portal continues to see steady traffic, with 6,657 new applications received since yesterday, 10th February 2026, a 0.4% increase in the total application volume.

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Disbursement Breakdown (as of February 1st, 2026)

The fund doesn't just cover tuition; it provides a comprehensive cushion for students, divided between direct payments to schools and personal upkeep allowances.

Category and Amount Disbursed

a. Institutional Fees Paid: ₦107,086,869,491.00

b. Upkeep Allowances Paid: ₦76,798,940,000.00

c. Total Loan Disbursed: ₦183,885,809,491.00

To date, 265 institutions across the federation have received payments on behalf of their students, ensuring that academic calendars remain uninterrupted for nearly a million scholars.

What This Means for Students

This dashboard reflects the Federal Government's commitment to empowering every Nigerian student. By balancing institutional fees with upkeep allowances, NELFUND is addressing both the cost of tuition and the daily cost of living that often hinders academic performance.

Are you an eligible student yet to apply?Visit the official [NELFUND Portal https://nelf.gov.ng to begin your application today.