On air now

Agborandun

Oke Babatunde · 3:30 PM - 4:29 PM WAT

Details

Main menu

Explore

Login Sign up
Education

NELFUND Moves to Expose Students Collecting Loans While Parents Still Pay School Fees

NELFUND is introducing new measures to prevent students from receiving government loan support while their parents unknowingly continue paying tuition fees, with a payment verification system and nationwide education campaign planned.

By Babatunde Ademola Fadewo

2 min read 1 views Updated Nov 2, 2026
The Nigerian Education Loan Fund (NELFUND) has announced plans to stop students from collecting government-backed education loans while still allowing their parents to pay their school fees. The fund said it had identified cases of students benefiting from the loan scheme without informing their families, prompting fresh measures to improve transparency and prevent unnecessary financial burdens on parents.
NELFUND Managing Director, Akintunde Sawyerr, disclosed this during a press briefing on Wednesday, October 28, 2026. He expressed concern that some beneficiaries were receiving assistance from the scheme while continuing to demand tuition payments from their parents. According to him, the agency intends to introduce a verification arrangement allowing parents to confirm whether their children's school fees have been settled through NELFUND, without necessarily revealing the amounts involved.

Sawyerr also announced plans to organise educational workshops across Nigeria's six geopolitical zones to explain changes to the student loan payment system. The exercise will involve students, parents and tertiary institutions, with particular attention to preventing misunderstandings about institutional payments, loan disbursements and beneficiaries' responsibilities. He explained that the initiative would go beyond the agency's regular awareness campaigns by focusing on how stakeholders can use the revised payment procedures.

NELFUND Executive Director, Mustapha Iyal, explained that the fund uses students' application identification numbers and linked wallets to process institutional payments, while upkeep allowances are transferred separately into beneficiaries' personal bank accounts. He disclosed that approximately 400,000 students were involved in the payment system's pilot phase, with about 20,000 additional students recorded over the preceding week. The platform was also processing transactions for nearly 5,000 students daily.

Iyal further clarified that beneficiaries can download payment receipts from the NELFUND platform once their institutional fees have been processed, although individual schools may still require separate receipts or clearance for registration. The latest measures are intended to improve accountability, reduce payment confusion and ensure that financial assistance reaches students who need it, while protecting parents from unknowingly paying fees already covered by the government loan scheme.
Filed under #NELFUND #Student Loans #School Fees #Nigerian Students #Federal Government #Akintunde Sawyerr #Tertiary Education #Education Funding #Parents #Nigeria News

Your reaction

Pass it on

Share this story

Social links open in a new tab

X Facebook WhatsApp LinkedIn Telegram Reddit

Story guide

Understand this story

Summary

NELFUND is introducing new measures to prevent students from receiving government loan support while their parents unknowingly continue paying tuition fees, with a payment verification system and nationwide education campaign planned. The Nigerian Education Loan Fund (NELFUND) has announced plans to stop students from collecting government-backed education loans while still allowing their parents to pay their school fees....

Key takeaways
  • NELFUND is introducing new measures to prevent students from receiving government loan support while their parents unknowingly continue paying tuition fees, with a payment verification system and nationwide education campaign planned.
  • The Nigerian Education Loan Fund (NELFUND) has announced plans to stop students from collecting government-backed education loans while still allowing their parents to pay their school fees.
  • The fund said it had identified cases of students benefiting from the loan scheme without informing their families, prompting fresh measures to improve transparency and prevent unnecessary financial burdens on parents.NELFUND Managing Director, Akintunde Sawyerr, disclosed this during a press briefing on Wednesday, October 28, 2026.
Article FAQ

What is this story about?

NELFUND is introducing new measures to prevent students from receiving government loan support while their parents unknowingly continue paying tuition fees, with a payment verification system and nationwide education campaign planned. The Nigerian Education Loan Fund (NELFUND) has announced plans to stop students from collecting government-backed education loans while still allowing their parents to pay their school fees....

Who published this story?

Glow 99.1 FM published this story with Babatunde Ademola Fadewo listed as author.

When was it published?

October 28, 2026

UK's £925 Student Levy Sparks Tuition Fee Fears for Nigerians Seeking Admission From 2028

Continue reading

UK's £925 Student Levy Sparks Tuition Fee Fears for Nigerians Seeking Admission From 2028

Education · 2 min readRead next

Join the conversation

Comments (0)

No comments yet. Start the conversation.

Keep reading

Related stories

South-South Youths Told to Rethink Their Economic Future

Education

South-South Youths Told to Rethink Their Economic Future

A university don has challenged young people in Nigeria's South-South region to reconsider their approach to economic opportunities, highlighting the need to embrace new industries and take a more active role in shaping the region's future.

2 min read · 1 views

States Leave ₦264bn in UBEC Funds Unspent as Public Schools Struggle

Education

States Leave ₦264bn in UBEC Funds Unspent as Public Schools Struggle

A UBEC annual report says ₦264.12bn in basic education matching grants remained unspent in state accounts as of July 2025, even as public schools face dilapidated classrooms, overcrowding and shortages of learning materials. Benue recorded the highest reported balance at ₦19.18bn.

2 min read · 2 views

Reader favourites

Most-read stories

  1. 01Portugal to Face Super Eagles ahead of 2026 FIFA World Cup223 views
  2. 02Grammy Awards 2026: Full Winners List, Historic Wins & Major Snubs205 views
  3. 03SUSPECTED JIHADISTS ATTACK NIAMEY AIRPORT166 views
  4. 04Iran Threatens US After Trump’s Warning158 views

We use cookies to improve your Glow FM experience.

Read our privacy policy