NELFUND blacklists errant institutions, demands immediate fee refunds to students

This tracking ensures that all double payments are immediately flagged and returned to the students’ bank accounts.

Under the operational guidelines of the scheme, NELFUND clears academic tuition by paying the institutions directly, while a separate upkeep allowance is paid directly into the student’s personal bank account.

The fund reiterated that once a school receives a NELFUND remittance for an already-settled account, holding onto the student’s initial payment constitutes an illegal financial diversion.

NELFUND reassured the public that it will utilise its full statutory powers to protect the interests of students, preserve public confidence, and defend the integrity of this landmark national education financing intervention. School administrators who delay these payments face immediate suspension from future loan funding cycles.