Budget 2023: 20% discounts on PTPTN repayments for three months

KUALA LUMPUR: National Higher Education Fund Corporation (PTPTN) borrowers will be given a 20% discount for three months starting March 1, says Finance Minister Datuk Seri Anwar Ibrahim.

When presenting Budget 2023 on Friday (Feb 24), the Prime Minister said a six-month deferment would be given to borrowers with monthly income of RM1,800 and below.

He added that application for this postponement can be made starting March 1.

Anwar announced a total allocation of RM15.3bil for the Higher Education Minsitry.

Among the allocations announced are:

– RM436mil to rehabilitate infrastructure and replace obsolete equipment in public higher education institutions (HEI).

– RM35mil to improve Internet connectivity in HEIs under the Malaysian Research & Education Network (Myren) programme

– RM428mil for research and development activities under the Higher Education Ministry and the Science,Technology and Innovation Ministry (Mosti).

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Nation

Ulu Tiram attack: Injured cop maintains fighting spirit, to continue serving
Anwar says Malaysia not picking sides amidst US-China geopolitical tension
Queen presents Aidiladha donations
Rantau Panjang checkpoint packed with people returning home for Aidiladha
Bank worker detained after over RM20mil goes missing
Police receive two reports on leaked Zayn Rayyan case investigation information
Welfare Dept finding suitable guardians for Zayn Rayyan's younger brother
Health Ministry shortlisting private hospitals to strengthen access to healthcare
Malaysia 10th most peaceful country in global index
Zayn Rayyan's parents told to lodge police report if they feel threatened

Others Also Read