NELFUND Cracks Down on Universities Hoarding Student Loan Refunds
Last update: June 29, 2026
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Fancy paying your uni fees twice? Neither do students across Nigeria. The Nigerian Education Loan Fund NELFUND is now calling out tertiary institutions for sitting on refunds and for sneaking in questionable tuition hikes.
Students who already paid their fees before NELFUND stepped in are supposed to get that money back once the Fund pays the school directly. But some universities have been dragging their feet or refusing outright, according to a public notice from NELFUND on Monday, cbinews.tv reports.
NELFUND says the whole point of the Federal Government’s student loan scheme is to remove financial barriers, not create new ones. So it is now engaging affected schools and relevant authorities to make sure students get their refunds and that charges stay fair and transparent.
The Fund also criticised reports of arbitrary increases in tuition and other charges, calling them contrary to the programme’s objectives.
Under President Bola Tinubu’s flagship scheme, NELFUND pays tuition straight to public tertiary institutions, while upkeep allowances go directly into students’ bank accounts.
If a student paid before NELFUND’s disbursement, the school should refund them in full once the Fund’s payment lands.
But complaints have been piling up. Students say some schools confirmed they had received NELFUND’s payment yet the refunds are still stuck in limbo.
Monday’s warning signals NELFUND is taking a tougher stance. The agency says it is committed to protecting students and keeping public confidence in what it calls a landmark national intervention.
#NigeriaEducation #StudentLoanScheme #NELFUND #Tinubu #HigherEducationNG #TuitionRefund #StudentRights #cbinews.tv

