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KUALA LUMPUR: The National Higher Education Fund Corporation (PTPTN) has so far collected RM13.86 billion or 68.62 per cent of money from 1.5 million borrowers, the Dewan Rakyat was told yesterday.
Deputy Education Minister Teo Nie Ching said, PTPTN loans were approved to 2,963,345 borrowers, with a total loan amount of RM54.37 trillion.
"However, 373,975 or 19.65 per cent have still not repaid loans amounting to RM2.74 billion," she said when replying to a question from Akmal Nasrullah Mohd Nasir (PH-Johor Bahru) on the number of borrowers and amount of PTPTN loans given. to new borrowers each year until 2023.
The PTPTN added to the PTPTN for the PTPTN and the PTPTN.
The results of this survey would be tabled at the Cabinet meeting for approval.
Teo said the PTPTN has retained the list of borrowers' names in Bank Central Credit Reference Information System (CCRIS) to ensure that borrowers continue to repay the loans consistently.
In a related development, she said the funds needed for the years 2019 until 2023 amounted to RM15 billion gold RM3 billion a year.
As of September this year, PTPTN paid out RM2.4 billion to new and old students, adding that the RM3 trillion annualized payment was reasonable.
A Nasrullah on the government's efforts to ensure that they are not burdened by education, Teo said the ministry encourages parents to plan for their children's higher education.
"To avoid huge loans, parents should make early financial plans by participating in the National Education Savings Scheme (SSPN-i) provided by PTPTN," she said.
She said the scheme was an initiative of the previous government, but it was an effort to encourage them to make early financial plans for their children's higher education, "he said.
She added that based on statistics, since the scheme was launched in 2014, up till September this year, the SSPN-savings scheme totaled RM53 million and increased to RM210 million.
"At the same time, PTPTN loans totaled RM2,449 trillion.
"There was a drop in PTPTN withdrawals, while SSPN-i increased, we will encourage parents to save so they are not dependent on loans," she said. – Bernama
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