KUCHING: Borrowers of National Higher Education Fund Corporation (PTPTN) loans in Sarawak are urged to repay their loans to be entitled for the 30 percent discount from the state government.
Currently, there are over 9,000 Sarawakian students who have benefitted from the PTPTN loan repayment initiative.
“Students need to settle at least 30 percent of their outstanding PTPTN loans to be eligible for the 30 percent repayment of the remaining amount by the state government,” said Tupong assemblyman Fazzrudin Abdul Rahman.
“I was made to understand that there are a total of 195,350 PTPTN borrowers, involving RM4.7 billion, until Dec 31 last year in Sarawak.
“I hope that we can increase the number of those benefitting from the PTPTN loan repayment initiative in Sarawak,” he said today.
Fazzrudin heaped praise on the initiative. “Sarawak is the only state to repay the PTPTN loans of its students and this is a reflection of the state government’s commitment to ensure its people get the best education.”
“This effort should be praised and is a role model for other states in assisting their students to settle their loans.
“It is also appropriate at a time when the people’s income and finances are affected due to the Covid-19 pandemic and the economic uncertainties.”
He said the loans must be settled to ensure continuity of the national education fund for future generations.