‘ Don’t hastily pros­e­cute PTPTN loan de­fault­ers’

> Bor­row­ers should first dis­cuss re­pay­ment method: Idris Ju­soh

The Sun (Malaysia) - - NEWS WITHOUT BORDERS -

KUALA TERENG­GANU: The Na­tional Higher Ed­u­ca­tion Fund Cor­po­ra­tion (PTPTN) must not re­sort to hastily pros­e­cut­ing any bor­rower in ef­forts to col­lect loan pay­ments, said Higher Ed­u­ca­tion Min­is­ter Datuk Seri Idris Ju­soh (pix).

How­ever, he said bor­row­ers should first dis­cuss with PTPTN on the best re­pay­ment method or re­struc­ture their loan without fac­ing any pros­e­cu­tion.

He said ac­cord­ing to a sur­vey of PTPTN bor­row­ers who have de­faulted on their pay­ments, they were not among bor­row­ers without money but were tied down with other loan re­pay­ments such as house or car loans.

“What is im­por­tant is that we must pay back if we owe. So bor­row­ers who are un­able to re­pay can first meet and dis­cuss the re­struc­tur­ing of their loans with PTPTN,” he said af­ter of­fi­ci­at­ing at the 18th In­ter­na­tional Con­fer­ence for Univer­sity Ad­min­is­tra­tion 2016, or­gan­ised by Univer­siti Te­knologi Mara here yes­ter­day.

The three-day con­fer­ence, which be­gan on Satur­day, was at­tended by 336 par­tic­i­pants, in­clud­ing from Brunei and Ye­men.

He said ever since PTPTN used var­i­ous loan re­pay­ment meth­ods, in­clud­ing through monthly salary de­duc­tions, the to­tal amount re­paid had in­creased.

“PTPTN’s tar­get to reach a col­lec­tion of RM2 bil­lion this year has been achieved and we ex­pect it to reach RM3 bil­lion by year-end,” he said, ad­ding that bor­row­ers were in­creas­ingly aware of their re­spon­si­bil­ity. – Ber­nama

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