Some 400,000 errant borrowers owe the National Higher Education Fund Corporation (PTPTN) RM2.3bil in study loans. They have to settle the loans otherwise they will deny over 100,000 students their right to the loans.
Corporation chairman, Datuk Shamsul Anuar Nasarah told media representatives that a sum of RM300 million unpaid loans would deprive at least 15,000 students of the privilege.
“Those who defaulted and are finding problems to pay up can discuss them with our officers. We can restructure their payment schedules and the amounts due,” said Shamsul to reporters during a press conference held at the PTPTN office in Greentown Business Centre, Ipoh recently.
Shamsul Anuar, who is also the MP for Lenggong, said until July 31 of this year, 2.24 million students had obtained the facility from the corporation involving over RM50 billion. Within the same period, the corporation had managed to collect RM4.32bil. A sum of RM737 million was collected in 2011 and RM800 million in 2012.
“Repayment of PTPTN loans has improved due to ongoing awareness programmes and enforcement actions and public cooperation,” he added. He said each year the corporation gave out RM1.3bil in loans to some 200,000 borrowers, and intended to give to more applicants in the future.
On a related matter, Shamsul congratulated the state government for initiating a scheme to help students. The establishment of the Perak Education Fund (Tabung Simpanan Pendidikan Negeri Perak) in 2010 was a step in the right direction as it complements the corporation’s objective of helping students.
The initiative involves the payment of RM200 for every baby born in Perak effective 2010. The money is channeled to the Perak Foundation (Yayasan Perak) for the child’s education.
“Between 2010 and the present, a sum of over RM1 million has been disbursed by the state to PTPTN. This involves the opening of 5,506 accounts of future applicants,” said Shamsul.