772,200 Student Borrowers have settled their PTPTN loans

Published by Afterschool.my on Sep 03, 2012, 05:45 am

  • A total of RM3.43 billion (as of end-July) have been collected from students who borrowed from the National Higher Education Fund Corporation (PTPTN). The increase in loan recovery showed that the students were aware of their responsibility.
  • More than 772,000 borrowers, which make up 70.63% of those who had taken loans from the fund, have settled their accounts.
  • PTPTN has helped 1.2 million borrowers with loans worth RM7.33 billion.
  • Recently, PTPN announced that borrowers can pay as little as RM50 a month. 
  • Those who had achieved excellent results in their studies could be exempted from repaying their loans, said Corporation Chairman Datuk Ismail Mohamed Said.
  • Up to July 31, some 13,011 borrowers who obtained first class degrees or its equivalent had been exempted from paying back their dues, amounting to more than RM370 million.
  • Due to the positive results of the campaign, two more PTPTN branches are due to open soon in Sabah and Sarawak.
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