Thursday, May 31, 2018

PTPTN - U-Turn

National Higher Education Fund Corporation (PTPTN) borrowers earning less than RM4,000 a month will have to continue paying their loans for now.
Image result for U-turn signage
Education Minister Dr Maszlee Malik said the Pakatan Harapan Government has to postpone its promise as the country is saddled with more debt than what was revealed by the previous administration.
"The ministry needs more time to find the best way to fulfil this promise," he told reporters after presenting offer letters to SPM school leavers to public universities and matriculation centres at his office on Thursday (May 31).
Pakatan's election manifesto included delaying PTPTN loan repayments for those earning RM4,000 and below.
In the past, borrowers were required to start paying back their loans six months after graduation.

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