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Published by Afterschool.my on Jun 17, 2014, 02:41 pm
Polytechnic colleges managed by Majilis Amanah Rakyat (MARA) is trying to recover its multi-million ringgit debt owed by former students.
According to the Auditor-General's Report 2013, the group needs to recover RM19.4 million. Since of mid-2013, MARA has managed to collect RM1.61 million. Although the group has consistently exceeded its targeted annual enrolment rate during the past 3 years, the high drop-out rate has caused the group to lose more money.
The report states that the percentage of students quitting and failing to continue their studies is between 33.4 per cent to 42.2 per cent.
Newly-enrolled students who receive offers from other higher education institutions, failing in examinations and personal problems were the factors that contributed to the high drop-out rate.
To control the drop-out rate, the group will begin to screen and select the best students with a minimum of three credits. Furthermore, they plan to revamp its programmes and co-curriculum.
On the upside, Kolej Poly-Tech MARA (KPTM) has registered RM19.67 million in profits by end-2012. KPTM's two new campuses and the introduction of degree courses has helped increase student numbers.
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