AN alarming 97% of university graduates failed to repay their study loans and their names have been listed in the Central Credit Reference Information System (CCRIS), said Deputy Higher Education Minister Datuk Dr Mary Yap.
She said that 728,935 had taken study loans between 2014 and 2016.
However, 701,895 borrowers failed to pay and their names are now listed in CCRIS for not repaying loans taken from the National Higher Education Fund Corporation (PTPTN).
She was responding to a question posed by Datuk William Nyallau Badak (BN-Lubok Antu) who asked for statistics of PTPTN loan borrowers who had graduated from 2014 to 2016 as well as the number of those who were listed in CCRIS.
Dr Yap said graduates with outstanding study loans should understand that CCRIS prompted them to be financially disciplined and committed in repaying their dues.
“Borrowers having outstanding loans can choose several options offered by PTPTN to settle their debts,” she added.
For example, a borrower can opt to make monthly repayments in instalments until the age of 60.
Another option is a 15% discount that is offered for a full settlement and 10% discount for loans that are partially settled.
Graduates can also opt for monthly salary deductions or direct debit.
“PTPTN, which has 70 branches nationwide, is always ready to help borrowers, including those who have yet to find jobs,” she said.
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