‘ Don’t hastily prosecute PTPTN loan defaulters’
> Borrowers should first discuss repayment method: Idris Jusoh
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