IT was reported that students who graduate with first-class honours will be given a loan waiver from the National Higher Education Fund Corp (PTPTN). Is this true?
The government is reinstating the PTPTN loan waiver for students who graduate with first-class honours in 2019 and after.
Prime Minister Datuk Seri Ismail Sabri Yaakob made the announcement when launching PTPTN’s 25th Silver Jubilee Anniversary celebrations at Matrade Exhibition and Convention Centre on July 27.
"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.
During the announcement of Budget 2019, the blanket exemption was stopped and only given to students from B40 families.
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.
The government, he pointed out, had allocated more than RM3bil per year through PTPTN, allowing an average of 180,000 new students to further their tertiary education.