KUCHING: More than 9,000 Sarawakian students who are borrowers of the National Higher Education Fund Corporation (PTPTN) will benefit from the state government’s repayment of their loans.
Yayasan Sarawak (YS) director Azmi Bujang said a total of RM30 million has been approved by the state government to pay 30 percent of the loans.
“How this works is that the students must complete their studies, pay their PTPTN loans to the threshold of 30 percent repayment and then the state government will top up another 30 percent.
“This will work out to over 9,000 students who will benefit from this programme. Of course more will follow once they get to 30 percent (loan repayment),” he said.
He said this during an exchange of memorandum of understanding (MoU) between YS and PTPTN at Wisma Bapa Malaysia today.
Azmi said the RM30 million cheque to start the repayment has been given to PTPTN besides the MoU which will allow the two entities to carry out the programme.
“So, it is good news for all Sarawakians and this means that there is no excuse they are not able to pay their loans anymore.
“Of course, we hope students that are qualified for this programme will continue to pay their loans. What we don’t want is for them to stop paying just because their loan balance has been adjusted,” he said.
He said the initiative, when announced to the public some time ago has garnered encouraging feedback as it came as a relief to the students.
“When we announce this initiative, we received a lot of feedback from the general public. We received many emails lauding the move.
“This is what we want to share with the public and for this, I thank Chief Minister Datuk Patinggi Abang Johari Tun Openg for approving the RM30 million,” he said.