National Higher Education Fund Corporation (PTPTN) chairman Wan Saiful Wan Jan today appealed to all loan defaulters to pay up, despite the small amount.
“I am attractive to all debtors accessible to technique PTPTN.
“Think of the destiny generations who want funds to maintain their studies,” he said in an interview entitled “Sayangi Generasiku” tonight on Radio Televisyen Malaysia (RTM).
Wan Saiful stated presently there are 1. Eight million debtors, but 20% of them had never paid a single sen because they finished their research.
He stated previous weaknesses in retaining facts had made it tough for PTPTN to hint at a number of those 353,000 defaulters.
He said because the range turned high, PTPTN became focusing on this organization.
He said approximately 33% of borrowers were inconsistent in settling their dues even as the rest have frequently been paying.
Earlier reports had stated that PTPTN turned into nevertheless reading a new loan repayment technique for debtors.
A reimbursement mechanism delivered early this month drew protests from debtors, with many claiming the quantity sought via PTPTN become too excessive.
Borrowers’ incomes RM2,000 and above had been told they would have 2-15% in their salaries deducted to pay off their pupil loans.
While the repayment amount for the ones earning RM2,000 became simplest RM40 a month, the determine spiked for the one’s incomes RM8,000 and above as they could have to fork out 15%, or RM1,200 every month.
The approach turned into later put on keep, and PTPTN introduced it would accumulate remarks from all worried earlier than deciding on the brand new approach of repaying loans.
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