The Nigerian Education Loan Fund (NELFUND) has condemned unethical practices by some tertiary institutions, including withholding tuition refunds and arbitrarily increasing school charges, despite receiving support from the federal government. This announcement was made in a public notice by the Director of Strategic Communications, Oseyemi Oluwatuyi.

The National Association of Ogun State Students (NAOSS) has requested an investigation into alleged discrepancies in the disbursement of student loans from the Nigerian Education Loan Fund (NELFUND) at D.S. Adegbenro ICT Polytechnic in Ogun State.

Despite rising oil wealth in Nigeria, many poor students continue to face financial hardship, prompting renewed scrutiny of the Nigerian Education Loan Fund (NELFUND) and its effectiveness in supporting access to education. According to Legit.ng, the contrast between the country's growing petroleum revenues and the ongoing struggles of disadvantaged students raises fresh questions about whether the fund is fulfilling its intended role in expanding educational opportunities for those most in need.

Taiwo Oyedele, chairman of Nigeria's Presidential Committee on Fiscal Policy and Tax Reforms, has rejected claims that President Bola Tinubu's administration borrowed between ₦75 trillion and ₦80 trillion, describing the circulating figures as misleading. According to African Examiner, Oyedele made the remarks during an economic review session organised by the Senate Committee on Finance, where he explained the factors behind the reported increase in the country's debt profile.

According to CampusBee, over 58% of beneficiaries of the Higher Education Students’ Financing Board (HESFB) government loan scheme for university education are currently defaulting on their loans. The situation has become more serious, as there are discussions about potentially publishing the names of those who have defaulted.

Dr. Tunji Alausa, the Minister of Education, has supported the University of Benin's (UNIBEN) N100 billion Trust Development Fund, calling it a sustainable financing model that aligns with the federal government's education reform agenda. He encouraged other universities to implement similar funding initiatives during the fund's inauguration in Benin.