New PTPTN scheme makes it easier for blacklisted borrowers

  • Nation
  • Wednesday, 09 Aug 2017

THE National Higher Education Fund Corporation’s (PTPTN) new facility to resolve overlapping study loans has benefitted 284,210 blacklisted borrowers, making it simpler for them to clear their credit, Par­liament was told.

Higher Education Minister Datuk Seri Idris Jusoh said the improved system has allowed students, who had two separate PTPTN loans for their diploma and degree studies, to combine the outstanding balance of the previous and current loans.

“Students only need to make payment after six months of completion of their studies. Therefore, they will not face any problems with financial institutions and the Immigration Department, or have action taken against them based on any laws,” he told Datuk Dr Noor Azmi Ghazali (BN-Bagan Serai) during Minister’s Question Time.

Dr Noor Azmi had asked the ministry to state measures taken to deal with the issue of loans taken by students during the diploma level that overlapped with separate loans later for their degree studies.

As an example, Idris said that if a degree student with a RM15,000 outstanding loan from his diploma studies applies for a RM21,000 loan to fund his degree, the student will be given a total loan of RM36,000, with the total lumped into one.

“It was carried out in two phases, from April 6 last year, where new loans were approved for those with current loans by emerging them.

“Under the second phase from this month, the merging facility will be carried out automatically,” he said.

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