{"id":78789,"date":"2025-11-16T14:15:21","date_gmt":"2025-11-16T14:15:21","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=78789"},"modified":"2025-11-16T14:15:21","modified_gmt":"2025-11-16T14:15:21","slug":"nelfund-md-why-new-intakes-cant-receive-fee-payments-before-registration","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2025\/11\/16\/nelfund-md-why-new-intakes-cant-receive-fee-payments-before-registration\/","title":{"rendered":"NELFUND MD: Why New Intakes Can\u2019t Receive Fee Payments Before Registration"},"content":{"rendered":"<p><strong>By Sarah Sam Adda<\/strong><\/p>\n<p>The Managing Director of the Nigerian Education Loan Fund (NELFUND), Akintunde Sawyerr, says the Fund cannot pay institutional fees for newly admitted students until they complete registration and matriculation, warning that early payments could result in massive financial losses.<\/p>\n<p>Speaking to the News Agency of Nigeria in Abuja, Sawyerr said paying fees for students who have not fully enrolled could lead to wasted funds if they later change schools, defer admission, travel abroad, or drop out. He described it as \u201cdisbursing against intention.\u201d<\/p>\n<p>He noted that a key challenge is the requirement for students to obtain a matriculation number before accessing the loan.<\/p>\n<p>Since matriculation depends on fee payment, NELFUND is working with institutions to temporarily allow the use of JAMB registration numbers for loan processing.<\/p>\n<p>Sawyerr said NELFUND has resolved several structural issues inherited from its initial 2023 legislation, which included guarantor requirements, a \u20a6500,000 household income cap, and no provision for student upkeep.<\/p>\n<p>These were corrected under the revised Education Loan Act signed in May 2024.<\/p>\n<p>He commended President Bola Tinubu for his support, noting that the Fund has since achieved seamless application processing and disbursements, providing a lifeline for thousands of students.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Sarah Sam Adda The Managing Director of the Nigerian Education Loan Fund (NELFUND), Akintunde Sawyerr, says the Fund cannot pay institutional fees for newly admitted students until they complete registration and matriculation, warning that early payments could result in massive financial losses. Speaking to the News Agency of Nigeria in Abuja, Sawyerr said paying [&hellip;]<\/p>\n","protected":false},"author":33,"featured_media":78790,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[183,172],"tags":[],"class_list":["post-78789","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education","category-news"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/78789","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=78789"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/78789\/revisions"}],"predecessor-version":[{"id":78791,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/78789\/revisions\/78791"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/78790"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=78789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=78789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=78789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}