PTPTN’s public consultation now closed

Wan Saiful says the people have a role to play in helping the Cabinet decide on a new affordable repayment scheme

THE National Higher Education Fund Corporation’s (PTPTN) public consultation closed on Thursday.

It had been urging the wider public to weigh in, and not just those who took loans from the corporation.

PTPTN chairman Wan Saiful Wan Jan said the people have a role to play in helping the Cabinet decide on a new affordable repayment scheme that does not hamper future students’ access to loans or threaten the continuity of PTPTN to serve future generations or cause distress to national finances.

He previously said that while challenging, the public can come to an agreement on the best way forward.

“The public is not one public but made up of various segments with different needs and wants.

“Whether you are a borrower, a future borrower, a parent, tax payer, non-governmental organisation and so on, you can only be represented if you choose to participate,” he said in a statement.

Wan Saiful said that the Government is listening to the rakyat.

“They say the bird that chirps the loudest gets the worm.

“That’s how it is generally. If the other birds don’t want to starve, they must start chirping too,” he said.

PTPTN also needs around RM3bil annually to provide loans to about 180,000 new applicants. According to PTPTN estimates, every RM70mil short potentially denies 10,000 new applicants from getting loans.

The background facts and 10 ideas collected from previous rounds of stakeholder engagements, along with cause and impact, were presented in the Public Consultation Paper to promote informed feedback.

Launched on May 16, the public consultation was supplemented with a series of town halls in five states to capture feedback, promote understanding of key facts and address queries.

As of June 10, there were 24,918 submissions from 239,335 visitors to the dedicated portal.

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