PTPTN helps stu­dents clear bad credit record

New Straits Times - - News -

KUALA LUMPUR: The Na­tional Higher Ed­u­ca­tion Fund Cor­po­ra­tion (PTPTN) is pro­vid­ing an over­lap­ping fa­cil­ity to as­sist 45,866 stu­dents in clear­ing their bad credit record.

PTPTN chair­man Datuk Dr Sham­sul Anuar Nasarah said this would help stu­dents who had two sep­a­rate PTPTN loans for their di­ploma and de­gree stud­ies, prior to April 6 last year.

A to­tal of 32,213 stu­dents who ap­plied for their sec­ond loan after April 6 are al­ready en­joy­ing this new ar­range­ment.

These stu­dents re­ceived bad credit records when they did not re­pay their di­ploma loans as they had fur­thered their stud­ies and were un­der­go­ing their bach­e­lor de­gree stud­ies, with the as­sis­tance of a PTPTN loan.

This lat­est move will al­low stu­dents to com­bine or over­lap the out­stand­ing bal­ance from their pre­vi­ous ed­u­ca­tion loan (di­ploma) with the cur­rent loan (de­gree).

“This will help stu­dents who cur­rently have two sep­a­rate loans with PTPTN. By do­ing so, they will have their credit records at the Cen­tral Credit Ref­er­ence In­for­ma­tion Sys­tem (CCRIS) cleared, ef­fec­tive Aug 15,” he said at Me­nara PTPTN here yes­ter­day.

He said these stu­dents would not be black­listed by the Im­mi­gra­tion Depart­ment or have any le­gal ac­tion taken against them, as their records will be cleared.

“For ex­am­ple, if a de­gree stu­dent with a RM15,000 out­stand­ing loan from di­ploma stud­ies ap­plies for RM21,000 to fund their de­gree, he will be given a to­tal loan amount of RM36,000,” he said.

He said there­fore, the stu­dent would only start re­pay­ing his com­bined di­ploma and de­gree loans six months after the com­ple­tion of his de­gree.

Sham­sul said this would also ap­ply for Master’s stu­dents with prior ed­u­ca­tion loans, who can com­bine all of their pre­vi­ous loans with their ex­ist­ing loan.

He said those who had a gap pe­riod be­tween con­tin­u­ing their stud­ies after com­plet­ing their di­ploma or de­gree would have the re­main­ing out­stand­ing bal­ance in­cluded in the cur­rent loan ap­pli­ca­tion.

“We hope with this, stu­dents will be fo­cused on their stud­ies and not to be bur­dened with is­sues re­gard­ing ed­u­ca­tion loans,” he said.

He said to be able to com­bine the loans, all con­ven­tional loans need to be con­verted to the ujrah sys­tem. Stu­dents can call PTPTN Care­line at 03-21933000 to con­vert their loans.

Un­der the ujrah sys­tem, the ad­min­is­tra­tion fee will only be one per cent.

“At present, 545 stu­dents af­fected by this new move have yet to con­vert their loan to the ujrah sys­tem,” he said.

Sham­sul said he was also con­fi­dent that PTPTN would achieve its tar­get of RM4 bil­lion collection this year. Un­til June this year, about RM2 bil­lion in out­stand­ing loan pay­ments have been col­lected.

Present dur­ing the event were PTPTN chief ex­ec­u­tive Wan Ah­mad Wan Yu­soff and Umno Youth Higher Ed­u­ca­tion bureau chair­man Datuk Dr Fathul Bari Mat Jahya.


(From left) PTPTN chief ex­ec­u­tive Wan Ah­mad Wan Yu­soff, PTPTN chair­man Datuk Dr Sham­sul Anuar Nasarah and Umno Youth Higher Ed­u­ca­tion bureau chair­man Datuk Dr Fathul Bari Mat Jahya.

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