Borrowers with Outstanding Results Need Not Repay PTPTN Loans
National Higher Education Fund Corporation (PTPTN) borrowers who achieve outstanding results will be exempted from loan repayment.
Prime Minister, Datuk Seri Ismail Sabri Yaakob said PTPTN borrowers who score a First-Class Bachelor’s Degree would be eligible for the loan repayment exemption.
This applied to borrowers who graduated from 2019 onwards, irrespective of their economic background, race or religion.
“This (exemption) is to encourage students in the country to work harder to obtain the best result for their tertiary education.
“I hope PTPTN will discuss further with the Finance Ministry on this, especially on the financial implication involved to offer this privilege,” he said.
Ismail Sabri said this would ensure that no members of the Keluarga Malaysia would be left behind under the country’s development agenda.
To date, PTPTN have assisted 3.67 million people in the country and provided RM66.87 billion worth of loans.