Easing burden of PTPTN borrowers

Bank Negara deputy governor Adnan Zaylani Mohamad Zahid said CCRIS contains information on overdue payments and is not a system aimed at blacklisting loan applicants.

KUALA LUMPUR: The threshold for the National Higher Education Fund (PTPTN) monthly salary deduction has been increased to RM2,000 and above, says Deputy Education Minister Teo Nie Ching.

“In order to ease the burden of PTPTN borrowers, the Cabinet decided at a meeting on Nov 23 that the mandatory salary deduction of 2% or RM40 a month will be imposed on PTPTN borrowers earning RM2,000 and above.