Search
Close this search box.

PTPTN Restructuring Targets Non-Paying Borrowers Exclusively

Kuala lumpur: The restructuring of National Higher Education Fund Corporation (PTPTN) loan repayments will solely target borrowers who have not made payments, ensuring that it does not impact their housing or other personal loans, according to Higher Education Minister Datuk Seri Dr. Zambry Abd Kadir.

According to BERNAMA News Agency, Dr. Zambry emphasized that the initiative is intended for those who have failed to make any payments and have not reached out to PTPTN to discuss financial challenges. "I often emphasise that we are guided by the principle of 'compassion'. We do not want borrowers to feel that repaying PTPTN loans is a heavy burden. Those facing difficulties can come forward to discuss their situation," Dr. Zambry stated. He reassured that PTPTN's Chief Executive, Ahmad Dasuki Abdul Majid, could confirm the government's directive to offer borrowers the opportunity for discussion.

In addition, Dr. Zambry highlighted the growth of the National Education Savings Scheme (SSPN), which now amounts to approximately RM20 billion. This, he noted, indicates an increasing awareness among parents about the importance of saving for their children's education. "The response to SSPN has been very encouraging, with dividends increasing each year. I encourage parents and others to save through SSPN to secure their children's educational future," he remarked.

The minister also mentioned that besides PTPTN loans, the government is committed to supporting students through various initiatives, particularly targeting those from low-income families. Programs like the Siswa Sulung initiative are designed to facilitate access to higher education for these students.

Recent News

ADVERTISMENT