PTPTN borrowers laud initiatives to ease repayments
KUALA LUMPUR: National Higher Education Fund Corporation (PTPTN) borrowers have welcomed four initiatives announced under the 2027 Budget to ease their repayment burden while safeguarding the sustainability of the country’s education financing fund.
The National Higher Education Fund Corporation (PTPTN) has introduced four initiatives aimed at easing the repayment burden for its borrowers while ensuring the sustainability of the education financing fund. The measures include a repayment deferment for those earning RM2,500 or less per month, a minimum monthly repayment of RM50 for individuals earning between RM2,501 and RM3,000, a 10% discount for borrowers without arrears who make regular payments, and tax deductions for employers repaying their employees' PTPTN loans.
These initiatives have been welcomed by PTPTN borrowers, who believe they will provide necessary relief and encourage commitment to loan repayments. For example, Muhammad Radzi, a 28-year-old fibre processing associate, finds the RM50 minimum monthly repayment affordable and believes it will help borrowers remain dedicated to their repayment obligations.
Brief written by urgent.news from New Straits Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
