PTPTN urged to do away with 1% interest rate, blacklisting

KUALA LUMPUR: Umno Youth has proposed that the National Higher Education Fund Corporation (PTPTN) do away with the 1% interest rate for its loans.

Movement chief Khairy Jamaluddin said the 1% interest rate meant for PTPTN's administration fee collected was actually a lot more than the actual operating expenditure of the corporation.