Seize PTPTN incentive, parents told
ALOR STAR: The National Higher Education Fund Corporation (PTPTN) urged parents to take advantage of a special incentive announced by the government when opening an education fund for their children when they enter Year One.
Its deputy chief executive officer (policy and operations), Mastura Mohd Khalid, said this would lessen the children’s financial burden when furthering their studies at the higher level.
Without having to shoulder the debt, she said, the children could utilise the money earned after graduating from college or university for other purposes such as purchasing a home.
Mastura cited an example where a number of PTPTN borrowers were unable to get home loan approval due to delayed payment of the education loan.
From January to June, she said, 3.7 per cent or 16,000 of the total eligible Year One pupils registered for the special incentives.
“One of the incentives under the 2017 Budget is the matching grants of up to RM50 for accumulated savings in SSPN-i for students in Year One in fully-assisted government schools.
“Even with a small amount as a start, the money saved until they finish school will be able to cover some expenses for them to further studies to a higher level.”