Key takeaways
- A recent explanation from the Nigerian Education Loan Fund (NELFUND) has clarified a critical step in its process that affects new students: the fund cannot disburse tuition fees for new intakes until they have completed their institutional registration and matriculation .
- This policy, directly from NELFUND Managing Director Akintunde Sawyerr, is designed to protect public funds from significant financial risk.
- Paying for students who have been admitted but not yet formally matriculated could lead to millions in losses if those students ultimately decide not to attend the institution .
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