The Nigerian Education Loan Fund (NELFUND) says it is taking action against tertiary institutions that are withholding student loan refunds and allegedly increasing fees. Multiple reports state that NELFUND is responding to concerns that some schools delay or refuse to refund students whose tuition fees were already paid before disbursement under Nigeria’s education loan scheme.
According to the outlet reports, NELFUND has issued statements raising the issue and is engaging affected institutions and relevant authorities to ensure refunds are processed for eligible students without further delay. One report describes NELFUND as beginning engagement with the institutions involved, while another frames the action as a crackdown on defaulting institutions, including those accused of raising fees.
While the articles focus on the same dispute—student loan-related refunds and fee changes—the common thread is NELFUND’s position that students should receive refunds they are owed. The reporting does not detail specific penalties or names of the institutions in the provided excerpts, but it describes NELFUND’s efforts to address the problem through engagement and enforcement.
