KUALA LUMPUR: The National Higher Education Fund Corporation (PTPTN) has backed down from a promise to allow borrowers to only begin servicing their loans once their salary hits RM4,000, saying that it is owed almost RM40bil.
Its chairman Wan Saiful Wan Jan, who contributed the pledge for Pakatan Harapan’s election manifesto, apologised for backing out but stressed that it was inevitable due to the country’s debt situation.
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