PTPTN loan waiver is back for students who graduate with first-class honours

KUALA LUMPUR: The government is reinstating the PTPTN loan waiver for students who graduate with first-class honours.

Prime Minister Datuk Seri Ismail Sabri Yaakob said this would again be given to all top students, regardless of their socioeconomic status.

"I wish to announce that the government will once again be giving the special waiver to any student with a PTPTN loan, and have a first-class honours degree, whereby they are allowed to change their loan to be exempted from repayment without taking into account their economic background, race or religion," he said when launching PTPTN's 25th Silver Anniversary at Matrade on Wednesday (July 27).

He added that this would be given to students who graduated in 2019.

During the announcement of Budget 2019, the exemption was stopped for all and given only to students from the B40 families.

Ismail Sabri said he hopes the corporation will discuss with the Finance Ministry the amount they would need to be allocated for this.

He added that this would be a form of motivation for the "children of Keluarga Malaysia" to study hard and achieve top scores in their studies.

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