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NELFUND Takes action on institutions withholding student loan refunds

By Blaze 91.5 FM    |    June 29, 2026    |    3 min read

‎‎NELFUND takes action on institutions withholding student loan refunds

‎The Nigerian Education Loan Fund, NELFUND, has moved against tertiary institutions accused of withholding refunds due to students under the Federal Government’s student loan scheme, warning that it is engaging affected schools and relevant authorities to ensure compliance.

‎‎NELFUND, made a public notice this Monday, condemning reports of random increases in tuition and other institutional charges, describing such practices as contrary to the objectives of the student loan programme.

‎It also said that the Student Loan Scheme was designed to remove financial barriers to higher education and should not become an avenue for placing additional financial burdens on students and to address the issue, NELFUND has commenced engagements with the affected institutions and relevant authorities to ensure that eligible students receive their refunds and  institutional charges remain fair and transparent.

‎NELFUND, has consistently warned institutions that students who paid their fees before it’s intervention are entitled to full refunds once the Fund remits the tuition on their behalf.

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