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

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.”

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.

“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