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Published by Afterschool.my on Aug 22, 2016, 12:22 pm
The National Higher Education Fund Corporation (PTPTN) can not provide the full amount of the loan offered to students in public institutions of higher learning (IPT) because of past loan applicants.
Chairman of PTPTN, Datuk Shamsul Anuar Nasarah, said the collection target last year was RM15 billion but they only managed to collect RM8 billion.
"Although PTPTN's revenue has increased due to strict enforcement action and less popular moves implemented by PTPTN, the main target was not achieved. Out of the RM56 billion loan issued, we were only able to recover RM15 billion."
Among the unpopular action taken by PTPTN include making cuts starting with the 2014 students only receiving a loan of 95 percent for their public universities (UA) fees. While only 85 percent loans were granted for students who got the offer to enter private tertiary institutions," he said.
He also commented on the allegations from parents who were unhappy with the actions taken by PTPTN especially those with low-income due to the partial loans given to their children
Shamsul Anuar said that he was aware of the problems the parents are facing and hope the community can support the enforcement actions in order to recover PTPTN study loan payments to ensure a continued strong financial position by PTPTN.
Get your Ultimate Guide to PTPTN here!
Looking for an alternative? We heard that Yayasan Bank Rakyat Convertible Loan is super popular now due to being Syariah compliant and available overseas!
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