The Nigerian Education Loan Fund (NELFUND) has moved against tertiary institutions accused of withholding refunds due to students under the Federal Government’s student loan scheme, warning that it is engaging affected schools and relevant authorities to ensure compliance.
The Fund, in a public notice issued today, also condemned reports of arbitrary increases in tuition and other institutional charges, describing such practices as contrary to the objectives of the student loan programme.
NELFUND said some institutions had delayed or outrightly refused to refund students who had paid their tuition fees before the Fund subsequently disbursed the same fees to the schools on their behalf, explaining that the Student Loan Scheme was designed to remove financial barriers to higher education and should not become an avenue for placing additional financial burdens on students.
To address the issue, NELFUND said it had commenced engagements with the affected institutions and relevant authorities to ensure that eligible students receive their refunds and that institutional charges remain fair and transparent.
