KUALA LUMPUR : Dr Maszlee Malik,Education Minister has announced the new repayment scheme for National Higher Education Fund Corporation (PTPTN) borrowers has been postponed.
PTPTN has announced the Scheduled Salary Deductions (PGB) would begin in January for borrowers earning from RM2,000 a month and he said that the mechanism for the new PTPTN repayment scheme will be postponed,taking into consideration the need to hold discussion with various stakeholders to hear their views and recommendations.
The PTPTN announcement met with reactions from many parties, including politicians, who wanted the scheme to be reconsidered so as not to burden borrowers.
Borrowers earning RM3,000-RM3,999.99 have to pay five per cent (RM150-RM199.99); RM4,000-RM5,999.99 eight per cent (RM320-RM479.99); RM6,000-RM7,999.99 pay 10 per cent (RM600-RM799.99) and those earning RM8,000 and more have to pay 15 per cent (RM1,200 and above). – Bernama