PTPTN to obtain feedback on study loan repayment method

KUALA LUMPUR: The National Higher Education Fund Corporation (PTPTN) has estimated between six and 12 months for it to hold engagement sessions with stakeholders to obtain feedback on the study loan repayment method.

Its deputy chief executive Mastura  Mohd  Khalid said the time frame was necessary for it to come up with a new formula on loan repayment through discussions with interested parties, as well as to take into account feedback obtained from all quarters.

“PTPTN accepts the decision by the Cabinet to postpone the new policy that was announced. It is the government’s intention to help the people, especially borrowers from the B40 group, so that they will not be burdened.

“We will have engagements with interested parties, including stakeholders, employers, borrowers, youth and the relevant ministries,” she said yesterday.

Last Friday, Education Minister Dr Maszlee Malik announced that the new repayment scheme for PTPTN borrowers had been postponed.

Meanwhile, Mastura said a 20 percent discount would be given to PTPTN borrowers who settled their loan repayment arrears between Oct 27 and Dec 31 this year. – Bernama