The Ignatius Ajuru University of Education (IAUE) has confirmed the receipt of ₦809,325,700 from the Nigerian Education Loan Fund, covering tuition loans for 4,649 students for the 2025/2026 academic session.

The disbursement represents the second batch of payments under the scheme, identified as IAUEPHSL11, and is part of the Federal Government’s broader effort to expand access to higher education through structured student financing.

In a statement issued by the Vice-Chancellor, Okechukwu Onuchuku, the university described the intervention as a significant relief for students facing financial constraints.

He said the support had already begun to improve student morale, enabling beneficiaries to focus more fully on their academic work without the burden of tuition-related pressures.

“The support provided by NELFUND is a clear demonstration of commitment to advancing education and empowering the next generation of Nigerian leaders,” the statement noted.

NELFUND, established to provide accessible financing for tertiary education, has been scaling up its disbursement operations across institutions nationwide, with a focus on reducing financial barriers to higher education.

The IAUE disbursement adds to a growing list of beneficiary institutions, as authorities continue to position student loans as a key pillar of Nigeria’s education funding framework.

Read the unedited letter below:

Sir,

COMMENDATION AND APPRECIATION TO THE NIGERIAN EDUCATION LOAN FUND (NELFUND) FOR THE 2^nd BATCH (IAUEPHSL11) OF PAYMENT FOR THE 2025/2026 ACADEMIC SESSION

On behalf of the management, staff, and students of the Ignatius Ajuru University of Education, Port Harcourt, I wish to wholeheartedly thank the Nigerian Education Loan Fund (NELFUND) for the disbursement of the 2025/2026 loan covering 4,649 students in the amount of ₦809,325,700.00.

The support provided by NELFUND to our University is a clear demonstration of your unwavering commitment to advancing education and empowering the next generation of Nigerian leaders. NELFUND dedication, professionalism, and passion for fostering educational development which have been confirmed by this tested-and-trusted process are highly commendable. The impact of this initiative is already evident in the improved morale and motivation of Ignatius Ajuru University of Education students, who now have the opportunity to concentrate fully on their studies without the weight of financial constraints.

Acknowledgement of Payment:

The Ignatius Ajuru University of Education has received the 2nd Batch of payment (IAUEPHSL11) representing the fees payment for 4,649 Students in the amount of ₦809,325,700.00.

Please accept my assurances and highest Regards.

Professor Okechuku Onuchuku (DSSRS)

Vice Chancellor Ignatius Ajuru University of Education