Mary Yap: 97% of borrowers fail to repay PTPTN loans

KUALA LUMPUR: An alarmingly high percentage of graduates have failed to repay their National Higher Education Fund Corporation (PTPTN) loans, says Higher Education Deputy Minister Dr Mary Yap (pic).

Dr Yap told Parliament on Wednesday that 97% of borrowers who graduated over the past two years have been listed in the Central Credit Reference Information System (CCRIS) for failing to pay off their study loans.

"728,935 borrowers finished their studies between 2014 and 2016. However, 701,895 of them are now listed in CCRIS for not repaying their loans.

Dr Yap highlighted that CCRIS is not a mechanism to blacklist borrowers but a method to record one's credit behaviour.

She said a CCRIS listing would educate borrowers to be more disciplined and commit to repay their loans.

"CCRIS in not meant to punish a borrower. It is an instrument to ensure that borrowers come forward and seek advice from PTPTN to settle their debts," She said.

She added that PTPTN offers several methods of payments and even allows borrowers to opt for monthly repayments for up to 60-year tenures.

Dr Yap encouraged borrowers – especially those who are unemployed – to call the PTPTN careline or visit any of its 70 branches nationwide to seek guidance on how to repay their loans.

She added PTPTN offers a 15% discount for full settlement and 10% discount for partial settlement and for those who opt for a scheduled monthly salary deduction.

For more information, visit the PTPTN website at or call its careline at 03-2193 3000.

PTPTN , Mary Yap , Defaulters


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