PETALING JAYA: The government is extending the deferment on National Higher Education Fund Corporation (PTPTN) loan repayments for another three months.
Higher Education Minister Datuk Dr Noraini Ahmad said the extended deferment will start from Oct 1 until Dec 31.
“This involves an estimated repayment of RM375mil, which means that the total estimated deferral of repayment is RM1.13bil.
“All PTPTN borrowers will be given an automatic extension on deferment. They will not have to make any application.
“If there are borrowers who want to continue the loan repayment, they can do so through the online repayment platform that is provided, ” she said in a statement.
The government understood the financial constraints faced by some PTPTN borrowers who had lost their jobs and sources of income due to Covid-19, she said.
PTPTN chairman Wan Saiful Wan Jan welcomed the decision, saying he was grateful that his proposal to extend the deferment was approved by the government.
“This moratorium is important because many PTPTN borrowers are still affected by Covid-19, ” he said.
“The approval is proof that the government is committed to helping people from all walks of life, including the youth.”
PTPTN borrowers can contact the corporation’s careline at 03-2193 3000, which operates from Monday to Friday from 9am to 5pm, or visit the official portal at www.ptptn.gov.my for more information.