fbpx
Connect with us

News

“Some have graduated for decades” Minister Says 430,000 PTPTN Borrowers are NOT Paying Off Their Loans

Published

Collage 113
Source: Sabah Media & Kosmo

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

National Higher Education Savings Association (PTPTN) borrowers, especially those who have NOT paid the monthly instalment in a long time, this is for you.

The Minister of Higher Education of Malaysia, Datuk Seri Dr Zambry Abd Kadir said that 430,000 PTPTN borrowers still have not made the necessary repayments. Speaking to the media, Dr Zambry said,

“There are borrowers who have not paid their PTPTN debts, despite having graduated for decades. Some didn’t even pay a single cent.”

Fw1278270 Ptj05 07012023 Fm Lpr

Dr Zambry also said that PTPTN’s debt, which has not been paid by hundreds of thousands of borrowers, has caused PTPTN’s finances to be in a state of uncertainty.

What if borrowers are struggling with financial problems? 

According to PTPTN, the organisation understands if borrowers are not doing well financially. However, borrowers who are stuck are expected to visit their nearest branch and explain their situation to the officers.

Kaunter Ptptn

“This is because there are borrowers who immediately stop caring about the debt because they don’t declare their situation. We understand the economic situation, but come forward and explain it to us,” Zambry said.

So, what if borrowers are still NOT paying their debts?

Dr Zambry revealed that PTPTN’s debt involves as much as RM6 billion, and those who are not paying their PTPTN debts AT ALL can’t run any longer.

“We might take legal action against those who are not paying their PTPTN debts. It is the borrowers’ moral responsibility and obligations to pay their debts because the money will be used for future generations,” Dr Zambry said.

The next course of action, however, is still in discussion.

What proper actions do you think the government should take to deal with the borrowers who skip paying their PTPTN debts?

 

Also read: 30yo M’sian With RM4K Salary Gets Stuck in RM90K of Debt After Using 6 Credit Cards

Collage 16 1

Source: Sabah Media
Source: Kosmo

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.



Just In

Feat Image Killing Feat Image Killing
News6 hours ago

The Inconsistent Law Allowing Local Councils in M’sia to Kill Stray Dogs by Shooting Them With Firearms

The killing of a stray dog, affectionately known as ‘Kopi’, in Besut, Terengganu, sparked outrage nationwide last month as the...

Collage 12 2 Collage 12 2
News7 hours ago

64yo Woman Turns Her Home into a Literal Prison With Iron Bars to Keep Drug-Addicted Son at Home

A 64-year-old woman from Thailand has come up with desperate measures in an attempt to help her 42-year-old son overcome...

My Post 1 2024 11 13T162127.643 My Post 1 2024 11 13T162127.643
News7 hours ago

21yo Woman Dies in Freak Accident After Container Overturns & Crushes Her Car at Penang Traffic Light

A young woman lost her life while a man was injured after the vehicles they were in were hit and...

My Post 1 2024 11 13T151827.903 My Post 1 2024 11 13T151827.903
News8 hours ago

Defence Minister: Year 1 UPNM Students Will Be Separated from Seniors to Prevent Bullying

Recently, the National Defence University (UPNM) has been riddled with controversy surrounding several bullying and abuse cases among their cadets,...

Collage 10 1 Collage 10 1
News10 hours ago

M’sian Courier Company Issues Apology After Viral Video Shows Van Driver Running Over Dog in Banting

A recent video circulating online shows a GD Express (GDEX) delivery driver making a routine delivery in a housing area...

Collage 9 1 Collage 9 1
News12 hours ago

34yo M’sian Found Dead After Allegedly Falling into a Water Container in His Home Bathroom

In recent news, a man was found dead after he was believed to have fallen into a water container in...

My Post 1 2024 11 13T105621.505 My Post 1 2024 11 13T105621.505
News12 hours ago

“They’ve amassed RM4.3mil” – Robbers Behind 44 Safe-Breaking Cases Shot Dead By PDRM at Jalan Imbi 

A group of Vietnamese nationals were shot dead at Jalan Imbi, Kuala Lumpur, at 11:30pm last night (November 12) during...

Feat Image Lhdn Evasion Feat Image Lhdn Evasion
News1 day ago

Here’s How M’sians Can Anonymously Report Someone Who’s Evading Taxes to LHDN

Previously, we shared how Malaysian entrepreneur and influencer Cik Epal claimed that her ex-husband, Jofliam, who owns a pizza business,...

Announcement

Latest Videos



TRENDING TODAY