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Institutional loans lead slightly, with 552,009 applications, showing a strong need for tuition and direct school-related expenses.
Upkeep loans are not far behind, at 519,964 applications, highlighting the importance of financial support beyond school fees.
Combined, over 1 million applications reveal a large and growing demand for structured educational funding in Nigeria.
The close margin suggests dual pressure: students aren’t just struggling to pay fees, but also to survive the cost of schooling.

Student loan applications peaked sharply in August 2024 with 91K submissions, marking the highest monthly volume within the 13-month period.
After August’s spike, applications declined steeply, hitting a low of 18K in December 2024.
A resurgence began in January 2025, leading to a second wave of activity that reached 59K applications in April 2025, the second-highest month.
Monthly application volumes remained volatile, reflecting fluctuating demand and possible cycles tied to academic calendars or policy updates.

With 167,639 applications, the North West zone accounts for the highest number of student loan submissions, representing a significant concentration of demand in that region.
The North East follows with 134,359 applications, bringing the northern region's combined total to over 300,000, more than half of all zonal submissions.
The South West stands as the highest-contributing southern zone with 104,079 applications, showing a strong but comparatively lower demand than the North.
The South East recorded just 29,097 applications, the lowest across all six geopolitical zones.