The Nigerian Education Loan Fund (NELFUND) has commenced engagements with tertiary institutions accused of delaying or refusing to refund students whose tuition fees had already been paid before the disbursement of student loans, warning against practices that undermine the objectives of the federal government’s student loan scheme.
The Fund also raised concerns over reports of arbitrary increases in tuition fees and other institutional charges by some tertiary institutions, describing the development as contrary to the spirit of the initiative.
In a statement issued on Monday and signed by Oseyemi Oluwatuyi, director of strategic communications, NELFUND said it had received reports that some institutions were withholding refunds due to students who had independently paid their tuition before the Fund released payments on their behalf.
According to the agency, the Student Loan Scheme, an initiative of the administration of President Bola Ahmed Tinubu, was established to remove financial barriers to higher education and should not become a source of additional hardship for beneficiaries. Related News Four new senators face one-year race to make their mark UK rejects 1.34 million Nigerian visa applications in 21 years ISWAP top commanders, 76 lieutenants surrender in Borno
