NELFUND moves to stop students collecting loans while parents pay fees
The Nigerian Education Loan Fund says it will stop students from benefiting from its loan scheme while their parents are also paying their school fees. Read More: https://punchng.com/nelfund-moves-to-stop-students-collecting-loans-while-parents-pay-fees/
The Nigerian Education Loan Fund (NELFUND) is taking measures to prevent students from benefiting from its loan scheme while their parents continue to pay school fees. Managing Director Akintunde Sawyerr revealed this during a press briefing, stating that the fund has identified instances where students were receiving support through the scheme but still relying on their parents for tuition payments.
The goal is to strengthen transparency and educate all stakeholders about changes to the payment system. Sawyerr explained that NELFUND will introduce a system allowing parents to confirm if their children's school fees have been paid without disclosing the exact amount. This move aims to clarify the payment process for financially responsible parents and enhance understanding of the scheme.
The development coincides with the Federal Government's ongoing implementation of the student loan programme, intended to alleviate financial barriers to tertiary education in Nigeria.
Written by urgent.news from Punch's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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