State govt allocates RM30mil to help Sarawakians repay PTPTN loans


Yayasan Sarawak director Azmi Bujang (second left) exchanging the MoU with PTPTN chief executive Ahmad Dasuki Abdul Majid, witnessed by Chief Minister Datuk Patinggi Abang Johari Tun Openg (centre).

KUCHING: The state government will assist eligible Sarawakians to repay part of their National Higher Education Fund Corporation (PTPTN) loans through Yayasan Sarawak.

Chief Minister Datuk Patinggi Abang Johari Tun Openg said RM30mil had been allocated in the state budget for this purpose.

"The assistance from the state government will be based on Yayasan Sarawak's procedures, as Yayasan Sarawak also provides loans to students.

"Otherwise there will be a discrepancy between students under PTPTN and those under Yayasan Sarawak.

"So Yayasan Sarawak will coordinate this assistance to ensure consistency," he said on Friday (March 5).

Abang Johari was witnessing the exchange of a Memorandum of Understanding between Yayasan Sarawak and PTPTN on the repayment assistance.

He said the cooperation would help resolve the issue of outstanding loans faced by Sarawakian students and ease their financial burden.

Yayasan Sarawak director Azmi Bujang said about 9,000 students would benefit from the initiative, which would help them repay 30% of their outstanding loan balance.

To be eligible, he said, the students must have completed their studies and repaid at least 30% of their loans.

"Yayasan Sarawak will top up 30% of the balance," he said.

PTPTN chief executive Ahmad Dasuki Abdul Majid said Sarawak's initiative should be emulated by other state governments to assist PTPTN borrowers, particularly when incomes have been impacted by the Covid-19 pandemic.

"The Sarawak government has taken a proactive measure by allocating a large sum for this initiative," he said.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3

Yayasan Sarawak , PTPTN , Loans , Abang Johari

   

Next In Nation

Elderly man fined RM5,000 for breaking home quarantine
12 investigation papers opened on Covid-19 fake news
18-year-old girl's father, three brothers charged with raping, sodomising, physically abusing her
Dr Wee congratulates Pandelela for Malaysia’s first gold at Diving World Cup
Covid-19: SMJK Sam Tet in Ipoh closed for two days
Melaka top cop meets with crime prevention group to discuss drug menace
Transport Ministry staff get tasty surprise for breaking fast on Wednesday (May 5)
Jho Low's alleged associate Casey Tang ordered pay to RM6.8mil in income tax
Father nabbed for making toddler vape
Two men nabbed for possessing smuggled cigarettes worth RM1.4mil

Stories You'll Enjoy


Vouchers