The Nigerian Education Loan Fund (NELFUND) has begun a crackdown on tertiary institutions accused of withholding tuition refunds owed to students under the Federal Government’s student loan scheme.
The Fund announced on Monday that it is engaging affected institutions and relevant authorities to ensure that students receive refunds for tuition fees they paid before NELFUND later settled the same fees directly with their schools.
In a public notice, NELFUND also condemned reports of arbitrary hikes in tuition and other institutional charges, warning that such practices undermine the objectives of the student loan programme.
According to the Fund, some institutions have either delayed or outright refused to refund students despite receiving tuition payments from NELFUND on their behalf.
NELFUND stressed that institutions participating in the scheme must comply with its operational guidelines, insisting that no student should be denied a refund after the Fund has paid their tuition.
