The Nigerian Education Loan Fund (NELFUND) has condemned tertiary institutions engaging in unethical practices regarding student loan disbursements.
This was contained in a statement issued by the Director, Strategic Communications
of NELFUND, Oseyemi Oluwatuyi on Monday.
Oluwatuyi accused some tertiary institutions of delaying or refusing to refund students whose tuition fees had already been paid before NELFUND disbursements, as well as arbitrary increases in tuition and other institutional charges.
“The Student Loan Scheme, an initiative of the administration of President Bola Ahmed Tinubu, GCFR, was established to remove financial barriers to higher education, not to create additional burdens for Nigerian students.
“NELFUND is engaging the affected institutions and relevant authorities to ensure that due refunds are made to eligible students and that institutional charges remain fair, transparent, and consistent with the objectives of the Scheme”, she said.
The Agency therefore reiterated that it remained committed to protecting the interests of students and preserving the integrity of the landmark national intervention.
