The Nigerian Education Loan Fund (NELFUND) has released a total of N69,210,600 to the Federal College of Education, Yola, covering institutional fees for 936 students.
The fund made this known through an update on its official handle, explaining that the payments were processed in batches to provide timely assistance to beneficiaries.
Details from the update show that the disbursement took place in October 2025 and was executed in three tranches, bringing the final total to N69,210,600.
The college management confirmed receiving the funds in a letter addressed to NELFUND.
“I write to acknowledge receipt of the sum of N69,210,600 (Sixty-Nine Million, Two Hundred and Ten Thousand, Six Hundred Naira, only), disbursed by the Nigerian
Education Loan Fund NELFUND as institutional fees for the benefit of nine hundred and thirty-six 936 students of the College,” the provost, Mohammed Usman Degereji stated.
He further noted that the funds were delivered in batches and have been used to settle students’ fees.
The institution also praised the initiative, describing it as a meaningful boost for students working toward their academic ambitions.
“We appreciate the commitment of NELFUND towards expanding access to higher education and supporting students in achieving their academic aspirations,” the letter added.
NELFUND stated that the disbursement is part of its continued efforts to enhance access to education and ease the financial burden on students in participating institutions.
 has released a total of N69,210,600 to the Federal College of Education, Yola, covering institutional fees for 936 students.){kind=link}