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772,200 Student Borrowers have settled their PTPTN loans
By Catherin john . March 26 2024
Catherin John
Catherin john is a seasoned communications expert with a Bachelor's degree in Journalism from Carleton University. Her multifaceted experiences enrich her content, making it both an insightful and engaging resource to address business challenges.
- A total of RM3.43 billion (as of end-July) have been collected from students who borrowed from the National Higher Education Fund Corporation (PTPTN). The increase in loan recovery showed that the students were aware of their responsibility.
- More than 772,000 borrowers, which make up 70.63% of those who had taken loans from the fund, have settled their accounts.
- PTPTN has helped 1.2 million borrowers with loans worth RM7.33 billion.
- Recently, PTPN announced that borrowers can pay as little as RM50 a month.
- Those who had achieved excellent results in their studies could be exempted from repaying their loans, said Corporation Chairman Datuk Ismail Mohamed Said.
- Up to July 31, some 13,011 borrowers who obtained first class degrees or its equivalent had been exempted from paying back their dues, amounting to more than RM370 million.
- Due to the positive results of the campaign, two more PTPTN branches are due to open soon in Sabah and Sarawak.
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