Prime Minister Datuk Seri Ismail Sabri Yaakob delivers a speech at PTPTN’s 25th Silver Jubilee Celebration at the Matrade Exhibition and Convention Centre in Kuala Lumpur, July 27, 2022. — Bernama pic
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KUALA LUMPUR, July 27 — The government will reintroduce the National Higher Education Fund Corporation (PTPTN) loan repayment exemption to graduates who earn first-class bachelor’s degree beginning from 2019.
Prime Minister Datuk Seri Ismail Sabri Yaakob said the privilege would be given to deserving graduates regardless of economic status, race and religion.
As such, he hoped that PTPTN could discuss with the Ministry of Finance regarding the matter in terms of the allocations involved.
“This is as an encouragement to the children of Keluarga Malaysia (Malaysian Family) to work hard and obtain the best grades in their studies,” he said.
He made the announcement in his speech at PTPTN’s 25th Silver Jubilee Celebration at the Malaysia External Trade Development Corporation (Matrade) Exhibition and Convention Centre (MECC) today.
Meanwhile, Ismail Sabri advised all borrowers who have yet to settle their PTPTN loans to do so immediately so that the study loans can continue to be given to new students.
“Repayment of study loans is important to ensure continuity and availability of the fund for new students who are also heirs of the nation,” he said.
The prime minister said as of last month, over two million or 82.04 per cent of PTPTN borrowers had settled their loans totalling RM17.8 billion.
“To those who were committed to repaying their loans, I thank you,” he said.
Ismail Sabri said after 25 years of establishment, PTPTN has become the country’s main tertiary education fund corporation committed to fulfilling its mandate and had helped 3.67 million people to pursue their studies with the disbursement of loans totalling RM66.87 billion so far. — Bernama