THE National Higher Education Fund Corporation (PTPTN) has long provided a crucial lifeline for Malaysian students pursuing higher education. However, it is now facing a growing crisis of nonrepayment, with 430,000 borrowers defaulting on their loans, contributing to a massive RM6bil in unpaid loans.
PTPTN loans come with flexible repayment terms designed to ease the financial burden on borrowers. The repayment rate is set at just 5%-8% of the borrower’s gross monthly income, and the repayment period can last as long as until the borrower reaches the age of 60.
