PTPTN loan repayment

Datuk Seri Mohamed Khaled Nordin said the ministry would focus on digitalisation, research and innovation and student housing.

PTPTN has provided various channels for borrowers to make repayments including online through the myPTPTN application and internet banking.

A total of 79,873 students are eligible for loan repayment exemption from PTPTN involving an allocation of RM2.06 billion nationwide as at Jan 31 this year.

A 15 per cent discount would be offered on the balance of the loan for those who wish to make a full settlement.

The three-month deferment of PTPTN loan repayment will be given to borrowers who have lost their source of income or their earnings adversely affected by COVID-19.

The government has agreed to defer the repayment of National Higher Education Fund Corporation (PTPTN) loans for three months to those who are eligible.

The deferment in the PTPTN loan repayment benefited 1.5 million borrowers, involving repayment totalling RM1.13 billion from March until December.

The deferment involved an estimated total repayment of RM375 million, making a total estimated deferral of repayment of RM1.13 billion.

The government has agreed to extend the three-month deferment period for PTPTN loan repayments to six months.

Despite paying their loan in full, several debtors claim they still could not get their names erased from the blacklist.

The collection of loan repayment for the National Higher Education Fund Corporation (PTPTN) this year is expected to rise to RM2 billion, said Higher Education Minister Datuk Seri Idris Jusoh.

Borrowers need to repay their loans so that other aspiring students won't be deprived of the opportunity to further their studies.

Lembaga Tabung Haji denies taking out depositors' funds for PTPTN loan repayment as a man apologises for the rumour that was spread on social media.

In December last year, PTPTN managed to collect more than RM130 million in loan repayment, an increase of 38 per cent from the previous month.

The Inland Revenue Board (IRB) will stop collecting National Higher Education Fund Corporation (PTPTN) loan repayments through payroll deductions beginning Nov 1.

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