Government pays RM1.09 billion interest for PTPTN in 2012
Afterschool
April 15, 2012
- Deputy Prime Minister Tan Sri Muhyiddin Yassin said PTPTN has to take loans from financial institutions to provide loans to students.
- These loans are charged between 4 to 5% interest and the interest is borne by the government.
- PTPTN only charges 1% interest to students for its administration fees
- For 2012, the government has to bear RM1.09 billion interest for loans taken by PTPTN
- PTPTN had approved 1.93 million loan applications involving an allocation of RM42.96 billion up to Dec 31, 2011.
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