Are you an international student?
Visit the International Students section on our website to find out the latest news and everything you need to know about studying in Malaysia.
Published by Afterschool.my on Oct 11, 2014, 02:45 pm
To encourage loan borrowers to settle their debt immediately, the National Higher Education Fund Corporation (PTPTN) is now offering 20 per cent discount if they repay their loans in full by 31 March 2015.
Furthermore, those who cannot settle the amount in full can still enjoy a 10 per cent discount off their loans if they make continuous payments for 12 months until 31 December 2015.
Since its establishment, PTPTN has been offering flexible loan repayment schemes, and despite the overwhelming number of loan defaulters, the organisation has been tolerant until recently, when they finally decided to blacklist those who have no plans of repaying their debt.
As of 31 August 2014, only RM5.36 billion (46 per cent) of RM11.76 billion has been collected.