This article explain how to cancel student loan with NELFUND and why student should opt-out of the credit option.
Temmy Samuel
How to Cancel NELFUND Student Loan in 2025
The Nigerian Education Loan Fund (NELFUND) is a student loan in Nigeria organized by President Bola Ahmed Tinubu's administration to support public higher institutions students in Nigeria. However, in recent trends, we've seen students trying to cancel this student loan. According to our research, we've discovered that several reasons contributed to cancellation of the loan. In this article, we are going to discuss why students may seek to cancel their NELFUND student loans, and explain the step-by-step guides to opt-out of the loan application completely. Why students want to cancel NELFUND Like I said earlier, Nigerian students may seek to cancel their NELFUND student loans for several reasons including: Improvement in Financial Stability: Some students might experience an improvement in their financial situation or receive alternative funding. In such cases, the NELFUND loan is not needed and they may choose to cancel their loan applications to avoid future repayment obliga…
About the author
Temmy Samuel
He is a seasoned journalist with extensive experience in consumer tech, economy, finance, business, money and politics. Currently chasing a BSc degree in Accounting.
