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Published by Afterschool.my on Dec 09, 2014, 02:57 pm
The Malaysian Ministry of Education will not be using debt collection agencies to recover unsettled amounts from 170,000 loan defaulters from the National Higher Education Fund Corporation (PTPTN).
According to Deputy Education Minister P. Kamalanathan, the methods used by debt collection agencies to recover debts were not customer-friendly and could destroy the ministry's reputation.
Since 30 October, some 134,000 PTPTN defaulters with total loans of RM2.4 billion have been blacklisted by the Immigration department.
"Of that total, some 48,430 borrowers repaid their loans amounting to RM244.5 million, while more than 170,000 borrowers have been fined," he added.
Since their announcement, in January, to list loan defaulters under the Central Credit Reference Information System (CCRIS), the loan repayment amount increased. The amount collected between 1 to 30 November reached RM74.85 million, higher than October's total collection of RM58.11 million.
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Have you ever felt like you’ve hit a brick wall early in life, unsure of how to move forward or break through? Doubting every decision and eventually resigning to the familiar mantra, ‘Let’s go with the flow’? If so, you’re not alone.In the grand scheme of life, education is not just a thr..
At Tunku Abdul Rahman University of Management and Technology (TAR UMT), not only are students able to deepen their knowledge in the programmes of their interest, students are also nurtured to develop other talents, skills and competencies which add value to their overall learning experience at the ..
As technology is getting more and more integrated into our everyday lives, the demand for technology-based products, infrastructures and services has risen to new heights and will continue to do so in the foreseeable future.This has resulted in a growing demand for more tech-savvy talents from the h..
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