Nigeria's Federal Government offers a repayment grace period of 2 years after NYSC for student loan beneficiaries under NELFund.

Nigeria's Federal Government will begin repayment of student loans for beneficiaries of the Nigeria Education Loan Scheme (NELFund) two years after they complete the National Youth Service Corps (NYSC) program. The repayment grace period is to allow students to find jobs and stabilize their financial situations before starting repayment. Employers will deduct 10% of the individual's earnings to repay the loan until the student has a job.

March 07, 2024
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