**Breaking News: NELFUND Pours ₦392m into Loans for Delta State University Students** In a major boost to education in Nigeria, the Nigerian Education Loan Fund (NELFUND) has disbursed a whopping ₦392,876,550 to Delta State University students, easing financial burdens and supporting their academic pursuits. This is no small deal, especially considering that it comes at a time when many students are struggling to make ends meet. **A Lifeline for Delta State University Students** The disbursement, which benefited 1,854 students, is part of NELFUND's efforts to expand access to tertiary education financing in Nigeria. The loan scheme, which has been gaining momentum since its launch in 2024, has received over 1.6 million applications, with 983,706 students benefiting from the loan scheme. As of February 1, 2026, a total of ₦183.9 billion has been disbursed, covering institutional fees and upkeep allowances. **Naija's Education Financing Challenge** NELFUND's disbursement to Delta State University students is a welcome development, especially given the challenges many students face in accessing education in Nigeria. The loan scheme, which covers institutional fees and upkeep allowances, is a step in the right direction towards addressing the country's education financing gap. The fact that the loans are interest-free and repayment is scheduled to begin two years after beneficiaries complete the National Youth Service Corps programme, makes it an attractive option for students. **More to Come** The loan scheme is not a one-off affair. NELFUND has confirmed that applications for the 2025/2026 academic session remain open, with the deadline extended to February 27, 2026. This is a great opportunity for students who are yet to apply to take advantage of the scheme. With its commitment to improving access to higher education in Nigeria, NELFUND is certainly making a difference in the lives of students across the country.