Prof Chapman (right) and Prof Dearden say Income Contingent Loans is more effective than time-based repayment plans.
IS it possible to make repayment of student loans such as the National Higher Education Fund Corporation (PTPTN) loans less daunting?
Income Contingent Loan (ICL) Repayment experts Prof Bruce Chapman and Prof Lorraine Dearden, who have nearly 45 years of experience in the field combined, believe it can be done by implementing the ICL system, which requires deduction from borrowers’ salaries only if it reaches a certain threshold.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
