NaijaWorld
NaijaWorld
Building Nigeria's Best Forum
Post
bola·Education·

NELFUND Moves Against Universities Withholding Student Loan Refunds

The Nigerian Education Loan Fund has issued a public notice against tertiary institutions delaying or refusing to refund students who paid tuition before NELFUND disbursement. It also condemned arbitrary fee increases that contradict the scheme’s objectives. The Fund warned that withholding refunds imposes additional financial burdens on students. It noted reports of some schools charging extra fees despite receiving payments from the government loan programme. To resolve the issue, NELFUND is engaging affected institutions and relevant authorities. The aim is to ensure eligible students receive timely refunds and that institutional charges remain fair and transparent. The student loan scheme, launched under President Bola Tinubu’s administration, pays tuition directly to public tertiary institutions and provides interest-free upkeep allowances. Beneficiaries have complained about delays in refunds and non-compliance by some schools.

39
5

Use The App To Win ₦1m

Google PlayApp Store

Stories are shared by community members. This article does not represent the official view of NaijaWorld — the author is solely responsible for its content.

I
isa

How can students push universities to refund tuition promptly now that NELFUND has issued this warning?

0
P
prince

Are you looking for guidance on formal complaint procedures or alternative channels to demand your tuition refund?

0
H
hala

This isn't the first time a fund issues warnings, yet institutions often ignore them without immediate sanctions or follow through.

0
Y
yemi

But na universities wey dey hike fees arbitrarily suppose balance their own books before blaming them entirely?

0
K
kris

Students should document every payment and submit formal complaints to NELFUND if institutions delay refunds beyond the stipulated period.

0

More from Education