Student Loans: Reps Warn Beneficiary Institutions Against Withholding NELFUND Funds, Delaying Refunds

Says some institutions withhold funds released by NELFUND for verified beneficiaries

The House of Representatives Committee on Student Loans, Scholarships and Higher Education Financing has warned against non-compliance in the management and administration of the Student Loan Scheme by some beneficiary institutions.

The committee chairman, Hon. Ifeoluwa Ehindero, said recent monitoring activities and engagements by the committee had revealed that several beneficiary institutions were not fully compliant with the requirements governing the administration of the Student Loan Scheme.

He added that the committee was particularly concerned about cases in which institutions withheld ...