Nigeria’s NELFUND is intervening against tertiary institutions failing to promptly issue student loan refunds and those imposing unwarranted fee increases. The agency is actively addressing complaints regarding withheld refunds, aiming to ensure students receive funds owed to them. This action follows reports of institutions delaying or refusing to process refunds after loan disbursements. NELFUND’s move seeks to enforce fairness and transparency in the student loan process. The crackdown also targets institutions arbitrarily raising fees, potentially hindering access to education. Further details are available via PunchNG. This initiative underscores NELFUND’s commitment to protecting student financial interests and promoting accountability within the education sector.
