PTPTN loan restructuring targets only non-paying borrowers, says Higher Education Minister, assuring it won’t affect housing or personal loans
MANJUNG: The restructuring of National Higher Education Fund Corporation (PTPTN) loan repayments will not affect borrowers’ housing or other personal loans.
Higher Education Minister Datuk Seri Dr Zambry Abd Kadir said the measure applies only to borrowers who have made no payments and have not contacted PTPTN to discuss their financial situation.
“I often emphasise that we are guided by the principle of ‘compassion’,” he told reporters after presenting aid to 1,350 students under the Back to School Programme.
“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.”
He said he had informed PTPTN and its chief executive, Ahmad Dasuki Abdul Majid, of the government’s directive to provide space for such discussions.
In another development, Zambry said the National Education Savings Scheme (SSPN), which now totals around RM20 billion, reflects growing parental awareness about saving for children’s education.
“The response to SSPN has been very encouraging, with dividends increasing each year,” he said.
He encouraged parents to save through SSPN to secure their children’s educational future, adding that besides PTPTN loans, the government provides various programmes like Siswa Sulung to help students from low-income families.
