The Nigerian Education Loan Fund (NELFUND) has expressed concern over the astronomical increase in tuition fees by some institutions, ranging between 20 and 521 per cent, The Guardian has learnt.
A document obtained from the Fund’s internal risk management unit noted that the recent surge in tuition fees across various institutions, particularly for programmes such as Medicine, Nursing, and Law, has placed a significant financial burden on students and strained the Fund’s operations.
Titled ‘Report on Framework to Mitigate the Impact of Increased Institutional Charges on the Fund’s Operations,’ the document listed the affected institutions as the University of Ilesha, Osun State; Ekiti State University; University of Medical Sciences, Ondo; Edo State University; Ladoke Akintola University of Technology (LAUTECH), Oyo State; and David Umahi Federal University of Health Sciences (DUFUHS), Ebonyi State.