NELFUND MOVES TO STOP STUDENTS FROM COLLECTING LOANS WHILE PARENTS PAY FEES

The Nigerian Education Loan Fund (NELFUND) has announced plans to address cases where students benefit from its student loan scheme while their parents or guardians continue to pay their school fees.

The move is aimed at ensuring that the education loan programme reaches students who genuinely need financial assistance to continue their studies.

The scheme provides eligible students with access to financial support for approved educational expenses, helping to reduce the burden of paying for higher education.

NELFUND’s proposed action raises questions about how students’ financial circumstances are assessed and how the fund verifies information provided during loan applications.

The fund’s efforts are expected to focus on improving accountability and ensuring that loan resources are used for their intended purpose.

Further details about how the planned measures will be implemented, including any verification procedures or penalties, were not provided in the information available.