IPOH – The National Higher Education Fund Corporation (PTPTN) would not be able to consider the demand to allow borrowers with monthly salary of less than RM4,000 to delay servicing their loan.
Its Chairman, Wan Saiful Wan Jan said, the government is unable to fulfil that promise contained in the Pakatan Harapan election manifesto.
“I have explained before this, we are unable to do that. We will not do it,” he said.
Nevertheless, the PTPTN will announce a repayment mechanism this December. At the moment, PTPTN is still drafting the best option for the borrowers to make their repayments without burdening them.
“Several things involving PTPTN were mentioned during the 2019 Budget presentation. We are waiting for the information and the policies needed in our planning,” he said.
Meanwhile, Wan Saiful also said that PTPTN will hold discussions with the public next month to gather their feedbacks.
Commenting on the street protests by the university students in front of the Parliament yesterday (14 November), Wan Saiful said that the government has received their memorandum. However, the government will not back down on its decision to disallow the borrowers to start servicing their loans when their salary hits RM4,000 per month.
“The Ministry of Education has received the memorandum and we welcome their opinion. We will also look into the memorandum
“I am also clear in my announcement last Saturday (10 November) that the promise cannot be fulfilled. We will not do it,” he said.
Yesterday, the group of students NGO took on street protests to voice their objections on the automatic salary deduction made by PTPTN.
They claimed that the action of the Pakatan Harapan government was more cruel than the previous government.
The failure to delay PTPTN payment has become controversial after the government failed to fulfil their 14th General Election Manifesto of delaying payments for borrowers who earn less than RM4,000 monthly.
During the 2019 Budget presentation, the Minister of Finance announced that and auto salary deduction of 2 percent to 15 percent would be made for borrowers who earn more than RM1,000 per month. -MalaysiaGazette