PTPTN loan

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.

Noraini Ahmad said the increase involves financial implications of RM183.5 million for a period of one year.

Ismail Sabri said the government also agreed to provide loans for the purchase of laptops to PTPTN borrowers in the M40 group.

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.

The three discount incentives for borrowers were a relief with many taking the opportunity to to settle their outstanding balance.

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.

Abang Johari said Yayasan Sarawak has its own mechanism to manage the students' loan repayment.

The Sarawak government will help its students repay the National Higher Education Fund Corporation (PTPTN) loan which is in arrears.

Applications for extending the repayment period for National Higher Education Fund Corporation (PTPTN) loans can be made from Tuesday (Jan 5) until March 31, 2021.

Perbadanan Tabung Pendidikan Tinggi Nasional (PTPTN) loans for B40 students taking diploma courses at Private Institutions of Higher Learning (IPTS) will be increased to RM8,000 per semester.

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.

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