PETALING JAYA: The National Higher Education Fund Corporation (PTPTN) has launched its strategic plan which will guide it over the next five years.
Its chairman Datuk Wan Saiful Wan Jan said the PTPTN Strategic Plan 2021-2025 will see the corporation work towards re-branding itself and remaining relevant to those wanting to pursue higher education.
“The plan consists of five core strategies,” he said during the virtual launch on Thursday (29 July).
Wan Saiful said the first core strategy is to make its Skim Simpanan Pendidikan Nasional (SSPN) the top education savings product in Malaysia.
He added that as of May 31, a total of RM8.99bil was deposited into more than 4.98 million SSPN accounts.
The second is to become the leading education loan manager by empowering the management of loans, he said.
Since its inception in 1997, the corporation has disbursed RM63.82bil in education loans to more than 3.51 million students to pursue higher education.
The third core strategy, he said, is to improve loan repayment collection.
The fourth strategy is to implement funding and investment strategies that bring optimal returns, he added.
Wan Saiful said the fifth core strategy is to empower the corporation towards becoming more dynamic and excellent.
“In translating this strategic plan, PTPTN staff must have a 'first class mentality' in acquiring advanced knowledge, being proactive and practising moral values.
“With effective communication, the negative perception some people have of PTPTN can be addressed,” he said.
He added that PTPTN is currently re-branding itself in stages as an education fund that does not just supervise and collect loans.
“We want to give young people a chance to pursue their dreams so that they can succeed in life,” he said.
“I am confident that with the clear guidelines and branding mission outlined in this strategic plan, PTPTN will be successful in becoming a savings institution and key fund manager for higher education by 2025,” he added.