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NELFUND decries delay in tuition refunds, arbitrary fee hikes by institutions
The Nigerian Education Loan Fund (NELFUND) has decried the delay by institutions in reimbursing students who already paid their tuition fees before NELFUND disbursements.
The Fund expressed concern over reports of tertiary institutions delaying or deliberately withholding due refunds to affected students.
According to a statement signed by its Director of Strategic Communications, Opeyemi Oluwatuyi, NELFUND said the scheme was not meant to place additional burdens on students, while also raising concerns over arbitrary increases in tuition fees and other institutional charges by schools.
The statement read: “The Nigerian Education Loan Fund (NELFUND) has noted with concern reports of some tertiary institutions 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.”
The statement further added that NELFUND was engaging affected institutions and relevant authorities to ensure eligible students are successfully reimbursed.
“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.
“NELFUND remains committed to protecting the interests of students and preserving the integrity of this landmark national intervention,” the statement added.
