NELFUND issues stern warning to institutions that fail to inform students of loan receipt

The Managing Director/CE of the Nigerian Education Loan Fund (NELFUND), Mr. Akintunde Sawyerr, has issued a stern warning to institutions that fail to inform students of loan disbursements made on their behalf, while still demanding payment of institutional fees from the same students.

Recent findings by NELFUND have revealed that some institutions, after receiving student loan disbursements directly into their accounts, have neglected to notify the affected students or reflect the payments in their school fee records, creating unnecessary confusion.