NELFUND News and What It Means for You

If you’re a student in Africa looking for a loan to cover tuition, living costs, or books, you’ve probably heard of NELFUND. It’s the National Education Loan Fund that helps thousands each year get the money they need to stay in school. This page pulls the latest stories, tips, and deadlines together so you don’t have to hunt across different sites.

How NELFUND Works and Who Can Apply

NELFUND is a government‑backed program that offers low‑interest loans to students in accredited institutions. To qualify, you usually need to be a Kenyan citizen, enrolled in a recognized university or TVET college, and have a good academic record. The loan covers tuition, accommodation, and sometimes even transport. You repay it once you graduate and start earning, with flexible repayment periods that can stretch up to ten years.

Application windows typically open twice a year – around February and August – but exact dates shift, so keep an eye on announcements. You’ll need your admission letter, ID, and a co‑signer (often a parent or guardian) to complete the form. The process is online, and you’ll receive a notification when your loan is approved.

Recent Updates You Should Know

In July 2025, the Higher Education Loans Board (HELB) announced a Sh5 billion boost for student loans, which mirrors NELFUND’s own increase in funding. This means more slots for first‑year university students and over 237 000 TVET trainees. The extra money is aimed at easing the cost crunch many students face, especially with rising tuition fees.

Another key update: the deadline for the current application round is 31 August 2025. If you miss it, you’ll have to wait for the next window. Also, the repayment terms were recently revised – interest rates dropped by 0.5%, and the grace period before you start paying back was extended to six months after graduation.

Finally, a new mobile app launched in June 2025 lets borrowers track their loan balance, view repayment schedules, and even make payments directly from their phones. The app also sends reminders about upcoming deadlines, which can help you avoid late fees.

So, what’s the best way to make the most of NELFUND?

• Start early: Gather your documents months before the deadline. Missing a single paper can delay your approval.
• Check eligibility: Make sure your course and institution are on the approved list. The NELFUND website has a searchable database.
• Use the app: It’s free and saves you trips to the bank. You can also set up automatic payments to stay on track.
• Plan repayment: Even though you don’t pay until after graduation, knowing your future monthly amount helps you budget now.

Keep this page bookmarked for quick access to the freshest NELFUND news. Whenever a new funding round opens or a policy change pops up, we’ll update the list so you stay ahead of the game. Need help with your application? Drop a comment below or reach out to your university’s financial aid office – they’re usually up‑to‑date on the latest requirements.

Remember, the loan is an investment in your future. With the right info and a bit of planning, NELFUND can make that education dream a reality without breaking the bank.