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Drop In PTPTN Repayments

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PETALING JAYA – There has been a drop in the average monthly collection by National Higher Education Fund Corporation (PTPTN) this year. PTPTN chairman Wan Saiful Wan Jan said the drop began in January 2018, about the same time Pakatan Harapan released its manifesto for the 14th General Election. “Last time, the average monthly loan…

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60% Of Black-Listed PTPTN Borrowers Repay Loans

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KUALA LUMPUR – Sixty-per cent of the National Higher Education Fund Corporation (PTPTN) borrowers who were black-listed by the Malaysian Immigration Department have repaid their loans totaling RM1.84 billion as of February this year, the Dewan Rakyat was told today. Deputy Minister of Higher Education Datuk Mary Yap Kain Ching said the amount could cover…

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PTPTN Chairman Says Opposition’s Proposal Unrealistic

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KUALA LUMPUR – The National Higher Education Fund Corporation (PTPTN) has described the opposition’s proposal to allow postoponement of repayment of PTPTN study loans as unrealistic. PTPTN chairman, Datuk Dr Shamsul Anuar Nasarah said based on current reality, the proposal which had already been studied by the fund was difficult to implement. “It’s more of…

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PTPTN Declares Four Per Cent Dividend For SSPN1M

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KUALA LUMPUR – The National Higher Education Fund Corporation (PTPTN) has declared a four per cent dividend for its two savings products SSPN-i and SSPN-i Plus under its 1Malaysia National Education Savings Scheme (SSPN1M) 2017. Its chairman Datuk Dr Shamsul Anuar Nasarah said the dividends amounted to RM92.56 million and will benefit more than 3.2…

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PTPTN Collects RM3.4 Billion In Loan Repayment

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KUALA LUMPUR – The National Higher Education Fund Corporation (PTPTN) collected RM3.4 billion in loan repayment up till October compared to RM1.5 billion in the same period in 2015. Higher Education Deputy Minister Datuk Dr Mary Yap Kain Ching attributed the increase to the effectiveness of the #BolehBincang campaign carried out by PTPTN. ”The PTPTN…

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PTPTN Act Must Be Amended For Study Abroad

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JOHOR BAHRU – The National Higher Education Fund Corporation (PTPTN) act must be amended to enable educational funding to be expanded to Malaysian students studying abroad. Higher Education Minister Datuk Seri Idris Jusoh said this was because PTPTN, which was set up under the PTPTN Act 1997 (Act 566), only gave out and collected loan…

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PTPTN’s Solution To Overlapping Loans Is Working

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KUALA LUMPUR – As many as 284,210 blacklisted borrowers are benefiting from the National Higher Education Fund Corporation (PTPTN)’s new facility to solve the issue of overlapping loans. Higher Education Minister Datuk Seri Idris Jusoh (pic) said the improved system has allowed students with two separate PTPTN loans to clear any bad credit record. Idris…

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PTPTN Borrowers Just Refuse To Repay Loan – Idris

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KUALA LUMPUR – Higher Education Minister Datuk Seri Idris Jusoh today disclosed that many National Higher Education Fund Corporation (PTPTN) borrowers who are now earning a steady income chose not to repay their debts despite having the financial ability to do so. He said a Bank Negara survey showed that some of the borrowers who refused to repay their PTPTN loans…

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PTPTN Introduces Online Direct Debit Repayment Mode Today

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KUALA LUMPUR – Borrowers of the National Higher Education Fund Corporation (PTPTN) loans can now make their repayments consistently through an online direct debit system today. Its chairman Datuk Dr Shamsul Anuar Nasarah said this way, the borrowers no longer need to go to the PTPTN counters to make their repayments but need only register…

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PTPTN Has Issued RM48.6 Bln In Loans, Dewan Rakyat Told

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KUALA LUMPUR – A total of 2,643,734 students have received loans to the tune of RM48.6 billion up to end-2016 from the National Higher Education Fund Corporation (PTPTN) since its inception in 1997, the Dewan Rakyat was told today. Deputy Higher Education Minister Datuk Mary Yap Kain Ching said a total of 41,706 students who…

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PTPTN Announces 4% Dividend For SSPN-I, SSPN-I Plus

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KUALA LUMPUR: The National Higher Education Fund (PTPTN) has announced a 4% dividend for the education savings scheme SSPN-i and SSPN-i Plus for 2016. Chairman Datuk Dr Shamsul Anuar Nasarah said the dividend involves an allocation of RM76.74 million which will be paid starting from this month. “The dividend will benefit more than 2.7 million…

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PTPTN Targets 10 Percent Increase In Online Repayments

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KUALA LUMPUR – The National Higher Education Fund Corporation (PTPTN) targets a 10 per cent increase in repayment via online and direct debit. Its chief executive officer, Wan Ahmad Wan Yusoff said online payment accounted for 30 per cent, counter (30 percent) Employees Provident Fund (EPF) deduction (30 percent) and salary deduction (10 per cent).…

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PTPTN Urges Borrowers To Start Loan Repayment Via Incentives

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KUALA LUMPUR – A total of 1.5 million borrowers of the National Higher Education Fund Corporation (PTPTN) should seize the opportunity to repay their loans through various incentives announced in the 2017 Budget. Its chairman Datuk Shamsul Anuar Nasarah said in line with the incentives announced in the budget, PTPTN expected to see an increase…

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Discount Incentive For PTPTN Borrowers From Tomorrow

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KUALA LUMPUR – The government has decided to give a discount incentive, effective tomorrow until the end of next year, to encourage National Higher Education Fund Corporation (PTPTN) borrowers to repay their loans, the Dewan Rakyat was told today. In Budget 2017 tabled in the Dewan Rakyat, Prime Minister Datuk Seri Najib Tun Razak said…

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All Parties Should Support PTPTN’s Efforts

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KUALA LUMPUR – Everyone should support the efforts by the National Higher Education Fund Corporation (PTPTN) to recoup loan payments, including listing the names of errant borrowers in the Central Credit Reference Information System (CCRIS). Higher Education Minister Datuk Seri Idris Jusoh said the move had long been implemented to ensure the education fund could…

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Don’t Victimise PTPTN Loan Defaulters, Says Idris

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KUALA TERENGGANU: Whilst National Higher Education Fund Corporation (PTPTN) loan defaul­ters should pay up, they should not be victimised in any way, says Datuk Seri Idris Jusoh. The Higher Education Minister said he had instructed PTPTN not to take action against those who had started paying back or had restructured their loans. “If there is…

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Idris: PTPTN Targeting RM3bil Collection By Year End

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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…

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1.3 Milion PTPTN Borrowers Now Blacklisted

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  PETALING JAYA – About 1.3 million PTPTN borrowers listed under the Central Credit Reference Information System (CCRIS) have a black mark on their credit rating because they failed to service their study loans on time, if at all. National Higher Education Fund Corporation (PTPTN) deputy chief executive officer (policy and operations) Mastura Mohd Khalid…

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PTPTN Disburses RM56.39 Billion In Loans As Of April 2016

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SEPANG – The National Higher Education Fund Corporation (PTPTN) has disbursed RM56.39 billion in loans to 2.49 million borrowers as of April this year. Its chairman, Datuk Shamsul Anuar Nasarah, said on average, PTPTN required RM5 billion each year to continue providing loans to new and existing borrowers. As such, he said the repayment of…

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1.25 Million PTPTN Borrowers Listed In CCRIS

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BUKIT MERTAJAM – A total 1.25 million borrowers who failed to repay their National Higher Education Fund Corporation (PTPTN) loans have been listed in the Central Credit Reference Information System (CCRIS). PTPTN chairman Datuk Shamsul Anuar Nasarah said the hardcore borrowers were not only listed in CCRIS by PTPTN but by numerous other financial institutions.…

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PTPTN Still Owed RM5.4 Bln As Of Dec 31 Last Year

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KUALA LUMPUR – A total of 662,983 borrowers failed to pay back to the National Higher Education Fund Corporation (PTPTN) loans amounting to RM5.4 billion as of Dec 31 last year, the Dewan Rakyat was told Wednesday. The Higher Education Ministry, in a written reply to the house, said another RM2.79 billion was arrears because…

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PTPTN To Explain Salary Deduction For Civil Servants On Monday

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KUALA LUMPUR – National Higher Education Fund Corporation (PTPTN) is expected to hold a special press conference on Monday to explain the maximum level of salary deduction imposed on civil servants to repay their loans. However, its chairman Datuk Shamsul Anuar Nasarah said the explanation would only be given after they had examined all the…

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Amount Of PTPTN Loan Repayments Rises To RM146 Million In Sept

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KUALA LUMPUR – The amount of National Higher Education Fund Corporation (PTPTN) loan repayments rose to RM146 million in September compared to RM57 million in May, the Dewan Rakyat was told today. Deputy Higher Education Minister Datuk Mary Yap Kain Ching said the increase was due to several initiatives taken by PTPTN, including the opening…

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Not Many Takers For PTPTN’s Ujrah Scheme

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KUALA LUMPUR – The National Higher Education Fund Corporation’s (PTPTN) Syariah-compliant Ujrah loan repayment scheme, which was introduced seven years ago, has received lukewarm response from borrowers. Only 23 percent or 257,582 out of the 1.1 million borrowers, who were under the conventional loan repayment scheme prior to the introduction of the Ujrah scheme in…

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Don’t Run Away From Us, PTPTN Exhorts Loan Defaulters

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KUALA LUMPUR – National Higher Education Fund Corporation (PTPTN) borrowers have been reminded to fulfil their loan repayment obligations for the sake of the fund’s continuity. PTPTN Chief Officer for Marketing and Strategic Communications Mastura Mohd Khalid said borrowers facing financial constraints should seriously consider meeting its officers to negotiate new repayment structures. She said…

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Salary Cut As Last Measure For Civil Servants To Repay PTPTN Loan

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KUANTAN – Mandatory salary deductions for civil servants who do not repay their National Higher Education Fund Corporation (PTPTN) loan may be imposed as a last resort, said Chief Secretary to the Government, Tan Sri Ali Hamsa. He said he would meet the secretaries-general of all the ministries tomorrow (Wednesday) to discuss the problem involving…

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KJ Suggests Disciplinary Against Public Servants Who Do Not Pay PTPTN Loans

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PUTRAJAYA – Youth and Sports Minister Khairy Jamaluddin today suggested that disciplinary action be taken against public servants who failed to make repayments of their National Higher Education Fund Corporation (PTPTN) loans. He said there was no excuse, especially for those holding senior government posts, to not repay their PTPTN loans. “Loan borrowers who do…

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PTPTN Collects RM285mil Of Loan Repayments In March

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KUALA LUMPUR: The National Higher Education Fund Corporation (PTPTN) has managed to collect RM285 millions of loan repayments in March. Second Education Minister Datuk Seri Idris Jusoh said this was the best performance in repayments since September last year, which has seen an improvement. “Previously PTPTN only managed to collect about RM50 million per month…

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Over 5,000 PTPTN Borrowers Enjoy Takaful Coverage

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PAGOH – A total of 5,420 borrowers of the National Higher Education Fund Corporation (PTPTN) have been enjoying takaful coverage benefits totalling RM79.14 million, since its inception in 1997 till Jan 31. PTPTN chief executive Agos Cholan said during the same period, it had presented a total of RM8 million in death benefits to 5,329…

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500,000 PTPTN Defaulters To Be Listed In CCRIS From Jan 1, 2015

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KUALA LUMPUR – A total 558,475 borrowers of the National Higher Education Fund Corporation (PTPTN) loans who fail to make repayments will be listed in the Central Credit Reference Information System (CCRIS) with the cooperation of Bank Negara, from Jan 1, 2015. PTPTN chairman Datuk Shamsul Anuar Nasarah said for a start, the listing would…

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