NELFUND Managing Director, Mr. Akintunde Sawyerr,
By Joseph Erunke, Abuja
The Nigerian Education Loan Fund (NELFUND) has condemned what it described as unethical practices by some tertiary institutions accused of withholding tuition refunds from students and arbitrarily increasing school charges despite benefiting from the Federal Government’s student loan scheme.
The Fund, in a public notice issued on Monday by its director, strategic communications, Oseyemi Oluwatuyi, said it had received reports that some institutions were refusing or delaying refunds to students who had paid their tuition fees before NELFUND later disbursed the same fees directly to their schools.
NELFUND also expressed concern over what it described as arbitrary increases in tuition and other institutional charges by some higher institutions, warning that such actions undermine the objectives of the student loan programme.
