KUALA TERENGGANU – The National Higher Education Fund Corporation (PTPTN) is targeting RM3bil collection by the end of this year.
Higher Education Minister Datuk Seri Idris Jusoh said there were positive signs as more loan defaulters have started to pay their loans.
“This is due to the initiatives taken by PTPTN to ensure defaulters are able to meet, discuss and restructure their loans.
“PTPTN’s target of RM2bil has long been achieved and we are now targeting the RM3bil mark to be achieved by the end of the year,” he said after opening the 18th International Conference for University Administrators 2016 here on Sunday.
Idris added that the increase in repayments was seen since January this year but the amount rose since April.
Since it was formed in 1997 until July this year – a period of almost 20 years – there are 2.49 million PTPTN borrowers.
A total of RM56.4bil have been given out as loans while RM8bil have been retrieved.
About 1.3 million PTPTN borrowers listed under the Central Credit Reference Information System (CCRIS) have been blacklisted. – The Star Online