AKSU Clarifies Delay in NELFUND Loan Refunds for 2024/2025 Session

The Akwa Ibom State University (AKSU) Students' Union has addressed concerns about delays in school fee refunds under the NELFUND Students Loan Scheme for the 2024/2025 academic session.

Reason for Delay

According to the union's statement, the delay stems from administrative verification processes. The university discovered that some students who received NELFUND refunds in 2023/2024 submitted second refund requests for the current session, constituting potential duplication.

To maintain institutional integrity and ensure only eligible students receive payments, management is conducting thorough scrutiny of all refund applications.

What Students Should Know

Eligibility for Refund:

• Students who paid school fees out of pocket for 2024/2025 session
• Students who received NELFUND loan approval for 2024/2025
• Students who submitted refund requests with correct banking information

Official Assurance: All eligible students will receive their refunds upon completion of the verification process. The Students' Union emphasized there is "no cause for panic" and that no eligible student will be denied their entitlement.

What to Do

• Be Patient: Allow the verification process to complete
• Verify Banking Details: Ensure your bank account information submitted is correct
• Check Eligibility: Confirm you haven't received a previous refund for the same session
• Consider Reapplying: Students who haven't applied for NELFUND loans should consider applying if eligible

The notice was signed by Comrade Elijah Ubong, Director of Information, Students' Union, AKSU.