Learn more about Courses and the requirements, fees and other details.
Ask Questions to get an education expert’s advice immediately.
Get the latest information about education news, tips and career opportunities.
Find out information about different Institutions and apply to them directly.
A link will be sent via e-mail to initiate password reset. Please check your inbox.
If you have not received it, Seconds, please click here.
If you have not received it, please click here.
You have reached your password reset limit for today. Please check your spam folder, retry tomorrow or contact us now
A One Time Password (OTP) has been sent to your number at Update Phone Number
Skip Now
Back
Want to change your mobile number? Update Mobile Number
Didn’t get a call from us? Retry now Want to change your mobile number? Update mobile number
Want to change your mobile number? Update mobile number
We have saved your mobile number successfully! You may retry tomorrow.
Your IVR verification call has been initiated.
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 Nov 28, 2012, 07:10 am
More students have started repaying off their loans. PTPTN has collected RM737.6 million out of the RM867.2 million due to it in 2011. This is a rise of RM99.2 million compared with the collection the year before, and is a 38% boost as the amount outstanding in 2010 is far greater at RM1.36 billion.Since the scheme kicked off on in October this year, the repayment rate has shot up to 49.9%. The scheme offered to all borrowers, including defaulters, changes their loan terms from interests of 3% to 5% a year to 1% interest a year on their outstanding amount.By early September, over 772,000 borrowers, 70.63% of those who had taken loans from the fund, have settled their accounts. PTPTN said that borrowers can pay as little as RM50 a month.The report states that this uptrend is due to the rise in students who have completed their studies. It also shows that borrowers have understood their responsibilities to PTPTN.In 2011, PTPTN sent 10,090 final warnings to defaulters, while 10,109 letters of demand were issued. However, to extend the scheme offer (Ujrah), legal action was put on hold.
About 144,452 borrowers (RM881.39 million) have yet to settle their unpaid loans, according to PTPTN report. These borrowers are eligible for the repayment scheme but are untraceable due to unreliable system. And the amount of debt owed to PTPTN is unlikely to be recovered soon.The trouble is, while losses and write-downs of creditcard debt typically fall on banks and private-sector, lenders, in the case of student debt, it is largely taxpayer money at risk.PTPTN's old data system - Elmas - is being modified to improve the system. A new system based on Elmas is also being built which totals for RM26 million. This according to some observers, is unjustifiable. Some say that PTPN should instead buy an existing system used by banks for under RM10 million and tweak it to fit its requirements.And while PTPTN is fixing and building its new system, other efforts have been taken to improve their collection rate.These efforts include: Holding briefings at campuses together with the Credit Counselling and Debt Management Agency and student representative councils; Participating in the ‘Jom Heboh' carnival; and Indoor and outdoor advertising, including on in-train side panels, newspapers and billboards.
The work landscape is undergoing a seismic shift driven by the relentless progress of technology. Automation, artificial intelligence and a constant stream of digital innovations are reshaping industries at an unprecedented pace. In this dynamic environment, employers are prioritising candidates wit..
This rise of influencer marketing is reshaping conventional advertising and marketing tactics.Are you a fan of any particular influencer? Even if you aren’t, you've probably seen influencers show up on your social media feeds, where they often promote products and brands for their audience.This tr..
Despite his allegiance to the Arsenal Football Club, Yuganesh Gopala Krishnan’s academic journey unexpectedly led him to the bustling streets of Manchester, owing to his start at Kolej Yayasan UEM (KYUEM).A 29-year-old professional currently navigating the world of engineering with MMC Enginee..
Did you know it's possible to earn up to RM130,000 before you even graduate? This is possible with Wawasan Open University’s (WOU) work-study model. You’ll be able to gain three years of work experience when you graduate, giving you the upper hand in earning double the amount compared to your pe..
In late March 2024, the Asia Pacific University Blockchain and Cryptocurrency Club (APUBCC) from the Asia Pacific University of Technology and Innovation (APU) proudly sent five exceptional members to ETHTaipei, an international hackathon held from March 22 to 24. The event featured 40 hours of cont..
Educators are a crucial part of a child’s development, especially in their early stages of life.In response to the government's proactive measures to create more public early childhood education facilities in urban areas, Wawasan Open University (WOU) stands at the forefront, offering prog..
Switching to a career in teaching opens doors to a path of lifelong learning and professional development.Malaysia's Education Ministry is on the lookout for up to 20,000 new teachers within the next five years, presenting an unparalleled opportunity for those aiming to establish a career in educati..
[6th from left] Ts. Lim Hui Yan, Executive Director, Gamuda Engineering and Head of Yayasan Gamuda with 2023 scholars, said the Gamuda Scholarship empowers students with financial aid, professional development, and career placement opportunities within Gamuda. The inflating cost of living and h..
Embarking on the journey of higher education often entails navigating countless possibilities, each holding the potential to shape one’s career trajectory. Like the flutter of a butterfly’s wings setting off a chain reaction, Alicia Raveena’s transformative decision to shift from pharmacy to n..
On March 22, 2024, the Asia Pacific University of Technology & Innovation (APU) and nine other esteemed public and private universities made a pivotal commitment to adopt immersive learning modules offered by CelcomDigi Metaversity. This groundbreaking initiative, unveiled in Petaling Jaya and o..
Get the information first
Afterschool.my
Shares
0
Need help?
