NELFUND moves against schools accused of withholding student loan refunds

The Nigerian Education Loan Fund, NELFUND, has raised concerns implicit reports that immoderate tertiary institutions are allegedly delaying oregon refusing to refund students whose tuition fees had already been paid earlier the disbursement of pupil loans nether the Federal Government’s acquisition indebtedness scheme.

The improvement was disclosed successful a connection issued by NELFUND and signed by its Director of Strategic Communications, Oseyemi Oluwatuyi.

According to the agency, it besides received reports that immoderate institutions had allegedly accrued tuition fees and different charges, a improvement it said undermines the objectives of the pupil indebtedness scheme.

NELFUND stated that the pupil indebtedness scheme, introduced by the medication of President Bola Ahmed Tinubu, was created to destruct fiscal barriers to higher acquisition and should not go an avenue for imposing further fiscal burdens connected students.

“The Student Loan Scheme, an inaugural of the medication of President Bola Ahmed Tinubu, was established to region fiscal barriers to higher education, not to make further burdens for Nigerian students,” the connection read.

The bureau disclosed that it is engaging the affected institutions and applicable authorities to guarantee that eligible students person refunds wherever applicable and that organization charges remain...