The House of Representatives warns tertiary institutions participating in the NELFUND student loan scheme against allegedly manipulating or mishandling funds. Lawmakers say some beneficiary institutions have failed to administer NELFUND monies properly and warn that deliberate non-compliance could result in sanctions, withdrawal of participation, and fund recovery. They also say cases may be referred to law enforcement.
Outlet reports also describe concerns about institutions withholding funds or delaying student refunds. The representatives frame the action as enforcement of NELFUND operating rules and accountability for how the loans are managed and paid to students. While both accounts stress sanctions and possible recovery steps, they differ in emphasis: one highlights potential suspension and criminal referral, while the other foregrounds threatened sanctions tied to withheld payments and refund delays.
