Higher Education Minister Datuk Seri Idris Jusoh said that the collection of loan repayment for the National Higher Education Fund Corporation (PTPTN) this year is expected to rise to RM4 billion
If in 2015, RM6.71 billion was collected but in 2016, only RM3.4 billion was collected, how would the figure of RM4 billion be achievable in 2017?
27 March 2017
PTPTN loan repayment: RM4b expected to be collected in 2017
JOHOR BARU, March 26 — The collection of loan repayment for the National Higher Education Fund Corporation (PTPTN) this year is expected to rise to RM4 billion, said Higher Education Minister Datuk Seri Idris Jusoh.
He said this was due to the significant improvement on the loan repayment, in addition to the performance of last year’s collection which had surpassed the target set by PTPTN.
“PTPTN had targeted to collect a repayment of RM2 billion last year but the amount collected was RM3.4 billion.
“As for this year, PTPTN has targeted to collect RM4 billion…This amount is achieveable given the the positive performance shown by the borrowers,” he said.
Yesterday, PTPTN chief executive officer Wan Ahmad Wan Yusoff said until Jan 31 this year, a total of 586,863 PTPTN borrowers had been blacklisted by the Immigration Department with outstanding amount totalling RM11.6 billion.
He also said of the number, a total of 312,068 borrowers had negotiated with PTPTN and started paying back their loans amounting to RM967.9 million.
24 March 2017
KUALA LUMPUR, March 23 — The National Higher Education Fund Corporation (PTPTN) today launched a campaign, ‘#BolehBincang’, for its borrowers to come forward to discuss their repayment problems.
Its chairman, Datuk Dr Shamsul Anuar Nasarah, said the campaign also aimed to inform borrowers that they could always approach PTPTN to discuss their repayment, including on the monthly installment.
Through this ‘#BolehBincang’ campaign, there will be more than 500 PTPTN marketing executives nationwide who can be contacted at any time to help borrowers with their repayment problems, he said when launching the campaign here today.
He said PTPTN borrowers could obtain the telephone numbers of the marketing executives through the corporation’s portal at www.ptptn.gov.my.
He said borrowers could request to discuss their problems at any of the 70 PTPTN offices and branches nationwide, including at Urban Transformation Centres (UTC) and shopping complex nearest to them.
“We have also opened a 24 hour PTPTN counter at the departure hall of the Kuala Lumpur International Airport 2 (KLIA2) to facilitate those going abroad,” he added. — Bernama
28 October 2015
RM7b collected from PTPTN borrowers
RM7b collected from
@twitptptn borrowers http://www.nst.com.my/news/2015/10/rm7b-collected-ptptn-borrowers … #nst170
KUALA LUMPUR: The National Higher Education Fund (PTPTN) has collected RM7 billion from loan repayments as of Sept 30, said its chairman Datuk Shamsul Anuar Nasarah.
He said the increase was a result of several proactive measures taken by PTPTN to ensure borrowers repaid their loans.
“A total of RM6.71 billion (45.8 per cent) has been collected from nearly 1.2 million (66 per cent) borrowers,” he told reporters at the Parliament lobby, here today.
He said there were currently 2.37 million PTPTN borrowers involving loans amounting to RM53.7 billion, while 607,842 were loan defaulters with total loans amounting to RM4.9 billion.
However, he said, a total of 1.80 million borrowers should have started to repay their loans involving RM14.65 billion.
WILL DEBT COLLECTORS BE USED TO RECOVER UNPAID PTPTN LOANS?
At the Dewan Negara, Senator Datuk Mohd Suhaimi Abdullah asked if debt collectors would be used.
Deputy Education Minister P.Kamalanathan said NO because the methods used by the agencies to recover debts were not customer-friendly AND would tarnish the reputation of the education ministry.
PTPTN financing for IPTA students reduced by 5%, 15% for IPTS
Last updated on 3 November 2014 – 06:50pm
KUALA LUMPUR: The National Higher Education Fund Corporation’s (PTPTN) new total financing for students of public institutions of higher learning (IPTA) has been reduced by 5%, and 15% for students in private institutions of higher learning (IPTS), beginning Nov 1 this year.
Its marketing and strategic communication chief officer, Mastura Mohd Khalid, said the total financing for IPTS students taking bachelor’s degree in medicine, however, was maintained due to its high fees.
She said the rationalisation was made as a result of funding constraints by PTPTN to accommodate an increase of 50,000 new borrowers to pursue studies at the IPTS and IPTA beginning this month.
One of the reasons for this constraint is the reluctance of PTPTN borrowers to repay their loans after completing their studies, she said when contacted by Bernama today.
Mastura also said that PTPTN used the data for recipients of the 1Malaysia People’s Aid (BR1M) to determine the total financing for new borrowers.
“If the data of the borrowers or parents is listed as BR1M recipients, they will receive maximum PTPTN financing.
“For the non-BR1M recipients, 75% financing will be given to families with income of not more than RM8,000 and 50% for students from family with household income of more than RM8,000,” she added.
MCA Youth chief says PTPTN restructuring is flawed (Updated)
Last updated on 3 November 2014 – 04:39pm
SUBANG JAYA: The proposed restructuring exercise of the National Higher Education Fund Corporation (PTPTN) needs to be reviewed as there are flaws, MCA Youth chief Chong Sin Woon said today.
Chong said the reduce in loans offered to students in private universities by 15% is too much as the cost of learning in a private college/university cost much more than that of public institutions of higher learning.
In contrast, he said the reduction of 5% in loans for government university students will not affect the students much as their fees are highly subsidised.
HERE’S YOUR CHANCE TO AVOID BEING BLACK-LISTED and get a discount!!
PTPTN: A GOOD OFFER!
National Higher Education Fund Corporation (PTPTN) loan borrowers can expect a 20% discount if they repay their loans in full by March 31 next year.
Those who are unable to do so can still get a 10% off their loans if they make continuous payments for 12 months until Dec 31, 2015.
Prime Minister Datuk Seri Najib Tun Razak said the discounts were meant to encourage repayment, and some 174,000 borrowers had not made any payments since 2010.
WHY HAS IT TAKEN THEM SO LONG TO DO THIS?
National Higher Education Fund (PTPTN) loan defaulters will be blacklisted under the Central Credit Reference Information System (CCRIS) from next year.
Once you are blacklisted by the CCRIS, your applications for personal loans, credit cards, houses and cars will be blocked.
6:00PM Oct 9, 2014
PTPTN defaulters to be blacklisted under CCRIS
National Higher Education Fund (PTPTN) loan defaulters will soon be blacklisted under the Central Credit Reference Information System (CCRIS).
The move will be implemented from next year, Berita Harian reported today.
The system, which was established by Bank Negara, will block loan defaulters from applying for loans from other financial agencies.
This includes applications for personal loans, credit cards, houses and cars.
The move will kick-start with efforts to recover funds worth RM1.2 billion from 170,000 loan defaulters who have never made any payment from 1998 to 2010.
…the 170,000 loan defaulters would be given a chance to discuss ways for them to pay their loans before their names are blacklisted under the CCRIS.
‘When we announce the move soon, we will give them three months to discuss and make payment before their names are listed under CCRIS,” Idris was quoted as saying by Bernama.
THE PTPTN does not inspire confidence.
10:56PM Apr 22, 2014
PTPTN loan arrears almost RM3.5 billion
A total of 425,000 borrowers of the National Higher Education Fund Corporation (PTPTN) study loans have yet to settle their loan arrears amounting to RM3.5 billion as at March this year.
PTPTN chief executive officer Agos Cholan said the corporation viewed the arrears seriously.
“PTPTN will blacklist the names of loan defaulters if not repayment is made to the corporation within 20 months,” he told reporters after attending the launch of national-level of PTPTN Friends Programme in Kuala Lumpur today.
Agos said 130,000 loan defaulters had been blacklisted so far, but 45,000 of them had taken the initiatives to discuss with PTPTN to have their names taken out of the list.
Despite the poor record keeping, PTPTN had successfully dished out RM53.23 billion education loans over the last 16 years from 1997 to some 2.34 million needy students. From 2011 to 2013, it consistently loaned over RM5 billion a year.
3:51PM Apr 7, 2014
Nurse ‘earns’ whopping RM27mil…
AUDIT REPORT As far as the National Higher Education Loan Fund’s (PTPTN) records are concerned, nurses can earn up to RM27 million a year, and their children can still apply for financial aid, while a clerk must make do with an annual income of RM34.
This discrepancy, with regard to the salaries of parents and guardians of loan applicants, was highlighted in the Auditor-General’s Report.
The report noted that there were 384 such unusual records.
The auditor-general also reported that there are 921 records with duplications, with one particular student having 13 similar accounts.
Besides job income, the home addresses of the borrowers, useful in collecting back the loan, were also poorly kept.
Under the category of “residential town” – the report found data entry with bizarre information such as “unemployed” (pengganggur), “off Jalan Ipoh,” “no employer” and the most popular entry was simply “none.”
Under “implausible” job titles of borrowers’ guarantors it found “zz”, “guru sandaran”, “head of the family”, “kelani” and “Ho Seng Le.”
PTPTN to lodge report for loan write-off joke on Facebook
THIS IS THE FACEBOOK POST THAT MADE THE PTPTN CHAIRMAN ANGRY!
Like This Page · January 5
BERITA GEMBIRA BUAT PEMINJAM PTPTN
Pemansuhan pinjaman PTPTN oleh Kerajaan Raja Nusantara
* surat ini masih belum tuanku tandatangan, bila tongku sign..semua dah xperlu bayar, tuanku akan tanggung untuk semua.
p/s: otw gi dapatkan sign tongku
PTPTN to lodge report for loan write-off joke on Facebook – Bernama
The National Higher Education Fund Corporation (PTPTN) will lodge a report at the Malaysian Communication and Multimedia Commission (MCMC) against the owner of a Facebook page which alleged to have ridiculed PTPTN by saying that the corporation would write off all its outstanding loans.
PTPTN chairman Datuk Shamsul Anuar Nasarah, who is also Lenggong Member of Parliament, said the Facebook page owner had purposely ridiculed the loan repayment issue to tarnish the PTPTN’s image and reputation.
“PTPTN has never made such a decision because every policy concerning the corporation will be decided by the Cabinet,” he said this to reporters after promoting the Lenggong Traditional Food Carnival at Perak Radio Televisyen Malaysia (RTM) in Ipoh today.
He said the Facebook page using the name of “RajaNusantaragroup Empayar Langkasuka Nusantara” was found to have uploaded a letter ridiculing PTPTN and claiming that the corporation would write off all outstanding loans made as at 2013 on humanitarian grounds.
SOME GOOD NEWS AT LAST!
The National Higher Education Loan Fund Corporation (PTPTN) collected a significant 85 percent of the amount due to it last year, a leap from only 47 percent the year before.
According to its annual report that was tabled in Parliament yesterday, the corporation collected RM737.6 million out of the RM867.2 million due to it in 2011.
This is a rise of RM99.2 million compared with the collection the year before, and is a massive 38 percent boost as the amount outstanding in 2010 is far greater – at RM1.36 billion.
PTPTN blacklists the (bad debtors) with the Immigration Department, so that when they find themselves unable to leave the country, they have to contact PTPTN.
But even this has limited success. Of the 130,000 odd borrowers on the immigration blacklist, only about 20 percent have started paying back their student loans.
EXCLUSIVE With only about half of the money owed to it collected, one may think that it is time for the National Higher Education Fund Corporation (PTPTN) to start tightening the screws.
However, according to its chief executive officer Agos Cholan, PTPTN still wants to do things “the nice way”.
“We have the nice way and the harsh way. So far, we have been quite nice and moderate. We advertise in newspapers, on billboards and hold awareness campaigns to tell the people ‘pay back, lah’, and so on.
“We tell them ‘just pay whatever you can (afford)’. The next thing we do is send letters of demand,” Agos said.
But with a significant portion of PTPTN’s data on borrower contact details yet to be updated, the likelihood of those letters of demand reaching the recipients remain low.
Facing these odds, Agos, a former banker, said PTPTN is still reluctant to emulate banks in engaging debt collecting agencies.
“We have a list of debt collection agencies, but we have not started using them yet… we worry that they might not be professional enough.
“We now do it ourselves. We go through the legal process and we blacklist the (bad debtors) with the Immigration Department, so that when they find themselves unable to leave the country, they come to us and we get their latest contact details,” he said.
As at Aug 31, 2012, RM7.83 billion disbursed to 1.14 million students was still uncollected, with the repayment rate standing at 49 percent.
EXCLUSIVE As politicians butt heads over the possibility of providing free tertiary education in Malaysia, the mountain of debt owed to the National Higher Education Loan Fund (PTPTN) is unlikely to be recovered soon.
Sources close to the agency claim that this is because much of the RM45.41 billion loans approved as at Aug 31, 2012, were given out to students whom PTPTN can no longer trace.
Electronic data sitting in its 10-year-old Education Loan Management System (Elmas), sources claim, remain seriously outdated, leaving PTPTN little hopes of retrieving the unpaid debt.
As at Aug 31, 2012, RM7.83 billion disbursed to 1.14 million students was still uncollected, with the repayment rate standing at 49 percent.
This was despite the removal of Finance Ministry subsidiary Prokhas Sdn Bhd in 2010, following the 2009 Auditor-General’s Report, for failing to develop a loan recovery system after being paid RM1.5 million.
Prokhas’ shambolic system drove PTPTN to fall back on Elmas, an earlier system it had already decided was not good enough in 2006.
And for this, PTPTN had to pay Elmas developer, Paradigm Systems Sdn Bhd, another RM26 million to re-do the job – a cost PTPTN chief executive officer Agos Cholan is reluctant to confirm, citing sensitivity.
Free Malaysia Today
PTPTN, a pawn in hands of politicians
Revolution may be the only way to make our so-called leaders think and reflect on who they are truly serving i.e. the rakyat or themselves.
While the move to freeze the loan was made by the National Higher Education Fund (PTPTN), it however was allegedly masterminded by Muhyiddin who is also the Education Minister.
Muhyiddin is out to “teach” the Selangor government led by Pakatan Rakyat a lesson when the latter claimed it wanted to repel the PTPTN and provide ‘pro bono’ education to students.
Sadly, the ‘freeze the loans’ decision was also backed by Higher Education Minister Khaled Nordin.
But little did Muhyiddin and Khaled realise that their irresponsible action would backfire. As a result, the loans were restored three days later.
www.freemalaysiatoday.com/category/opinion/2012/06/17/… – Cached
The big PTPTN blunder — Stephen Ng
JUNE 10 — I have been following the news about the PTPTN, and had previously written about it as well.
The latest development by the minister of higher education, Khaled Nordin, is one of the worst of Umno’s political games.
From the shared script with Deputy Prime Minister Muhyiddin Yassin, the victims were apparently the students and their parents.
This ploy did not take into consideration the younger generation of Malaysians who cannot afford the higher education under the present Barisan Nasional regime.
To play on their sentiments is something that most Malaysians will not forgive.
2 The big PTPTN blunder « Lim Kit Siang
— Stephen Ng The Malaysian Insider Jun 10, 2012 . JUNE 10 — I have been following the news about the PTPTN, and had previously written about it as well.
blog.limkitsiang.com/2012/06/10/the–big–ptptn–blunder – Cached
Free Malaysia Today
Loans unfreezed, PKR blames Umno tussle
Rift in Umno?
Yesterday, Khaled said the freeze was a result of Pakatan Rakyat’s claim that it would abolish the PTPTN and provide free education if it formed the federal government.
Muhyiddin later described the move as fair.
However, the freeze drew flak from various quarters, including Umno Youth chief Khairy Jamaluddin as well as MCA and MIC leaders.
These leaders argued that the future of students should not be compromised in the political tussle between Barisan Nasional and Pakatan.
Najib had yet to respond over the freeze, which observers claimed lent credence to the speculation that tension was brewing in Umno.
Free Malaysia Today
Don’t victimise students, says Khairy
Unlike the DPM who thinks the freezing of PTPTN loans is fair, the Umno Youth chief says the future of students should not be put at risk.
PETALING JAYA: Umno Youth chief Khairy Jamaluddin has disagreed with the move to freeze loans for students at Universiti Selangor (Unisel).
The Rembau MP’s stand was in contradiction with Deputy Prime Minister Muhyiddin Yassin’s remark that it was a fair decision.
Khairy called for the immediate reinstatement of the National Higher Education (PTPTN) loans for Unisel students.
“I don’t want the students to be victimised by any party trying to prove a point. It’s obvious that the Selangor state government cannot provide free education at its own university.
Free Malaysia Today
PTPTN freeze: A legal poser
Bar Council’s Andrew Khoo asks if Higher Education Minister Khaled Nordin’s arbitrary decision to stop PTPTN loans was proper under the law.
PETALING JAYA: Was the decision to freeze PTPTN (National Higher Education Fund Corporation) loans for students at Universiti Selangor (Unisel) legal?
Did Higher Education Minister Khaled Nordin abuse his ministerial powers when he ordered the freeze, and was the decision made based on legitimate grounds?
Posing these questions, Bar Council human rights committee chairman Andrew Khoo said the students of Unisel have the right to challenge the decision in court and seek a judicial review.
PTPTN freeze: A legal poser | Free Malaysia Today
www.freemalaysiatoday.com/category/nation/2012/06/08… – Cached
|12:22PM Jun 8, 2012|
The National Higher Education Fund (PTPTN) has backed down on its freeze on student loans to two Selangor government-run institutions, according to an Umno tweet.
This week Universiti Selangor (Unisel) and Selangor International Islamic University College (Kuis) students found their PTPTN loans frozen.
However, a tweet by Umno Youth’s PTPTN roundtable confirmed that the freeze has been lifted.
“Good news! For the sake of the rakyat, PTPTN has agreed to disburse loans to Unisel students. Please spread the news!” it said in a posting at about 11.40am today.
It is learnt that Unisel was informed of this earlier today.
- PTPTN backs down on Unisel, Kuis loan freeze
12:22PM Jun 8, 2012
- BREAKING NEWS After a barrage of criticism, the higher education loan siege of Selangor institutions looks to have come to an abrupt end.
PTPTN stands for Perbadanan Tabung Pendidikan Tinggi Nasional (National Higher Education Fund Corporation). It is responsible for giving study loans to students pursuing tertiary education in Malaysia.
This agency comes under the Ministry of Higher Education.
PTPTN freeze a public breach of trust, Kit Siang tells PM
KUALA LUMPUR, June 8 — Lim Kit Siang has called on the prime minister to put an end to the National Higher Education Fund Corporation’s (PTPTN) freeze on loans to Universiti Selangor (Unisel) applicants, saying there was no justification for the move.
The DAP parliamentary leader said today Datuk Seri Najib Razak should intervene and end the “politics of intimidation and bullying.”
“It is a criminal breach of trust. Public funds are meant for the interests of the public, not politicking,” Lim told reporters in Parliament.
PTPTN freeze a public breach of trust, Kit Siang tells PMwww.themalaysianinsider.com/malaysia/article/ptptn… – Cached
THE SELANGOR GOVERNMENT WILL PUT ITS MONEY WHERE ITS MOUTH IS.
THE DECISION BY PTPTN TO DENY LOANS TO UNISEL STUDENTS MAY BACKFIRE AGAINST THE BN GOVERNMENT!
Free Malaysia Today
S’gor comes to rescue of Unisel students
The state government says it will raise RM30 million by liquidating some of its assets to help fund students whose PTPTN loans have been frozen.
PETALING JAYA: The Selangor government announced today that it will liquidate assets worth about RM30 million in order to help students in Universiti Selangor (Unisel) whose PTPTN (National Higher Education Fund Corporation) loans have been frozen.
“The Selangor government views with concern the difficulty faced by the new students of Unisel who have been victimised following the actions of the federal government and Higher Education Minister to freeze their PTPTN loans,” Menteri Besar Khalid Ibrahim said in a statement sent out this evening.
Khalid said that as a short-term solution, Unisel will be utilising its assets – namely land – to help those who are having difficulties continuing their studies.
“This asset refers to a 500-acre property that was obtained through the debt restructure with Talam (Corp Bhd),” he said.
“The state government will assist Unisel by floating this property in the market for cash. It is estimated that RM30 million can be obtained through this exercise.”
S’gor comes to rescue of Unisel students | Free Malaysia Todaywww.freemalaysiatoday.com/category/nation/2012/06/07/sgor… – Cached
Free Malaysia Today
|1:54PM Jun 7, 2012|
There is a possibility that the National Higher Education Fund ‘s (PTPTN) loan freeze to Universiti Selangor (Unisel) students may be extended to another higher education institution under the Selangor government.
In PTPTN’s statement yesterday defending their decision to halt loans to Unisel, the body also mentioned another institution Selangor International Islamic University College (Kuis).
“We are of the view that the universities governed by Selangor, such as Unisel and Kuis should be prepared and committed to implement free education, and reject the PTPTN loan.
“We think that since Selangor government is committed to implementing free education, therefore its students do not need study loans anymore.
Another S’gor college risks PTPTN loan freeze? – Malaysiakiniwww.malaysiakini.com/news/200180 – Cached
YES, IT’S TRUE! NO PTPTN FOR UNISEL BECAUSE IT IS RUN BY THE OPPOSITION.
When elephants fight, the ants get trampled!
- 7 Jun 2012
- The Star Malaysia
- By MAZWIN NIK ANIS, TEH ENG HOCK and PRIYA KULASAGARAN firstname.lastname@example.org
PTPTN shuts out Unisel
Freeze on loans after political pressure from Opposition, says Khaled
PETALING JAYA: The National Higher Education Corporation Fund (PTPTN) has frozen its loans to students studying in Selangor-owned Universiti Selangor (Unisel).
The freeze began last month when fresh intakes started.
Stressing that it was a temporary move, Higher Education Minister Datuk Seri Khaled Nordin said the decision was made following “political pressure” from the Opposition over free education.
“PTPTN wants to determine how serious the Opposition is in wanting to provide free education. If it is serious, then students in state-owned private institutes of higher learning like Unisel need not apply for study loans from PTPTN because education will be provided free to them.”
However, he said, the freeze would not affect Unisel students who were already receiving the loans.
PTPTN in a statement said the decision was also made due to recent call by Opposition leader Datuk Seri Anwar Ibrahim for students not to repay their loans.
Free education but only if opposition runs Putrajaya’
The Selangor government is prepared to demonstrate how education budgets can be redrawn to implement free education should the federal government agree to hand over power, said Menteri Besar Khalid Ibrahim.
Hitting back at Higher Education Minister Khaled Nordin’s (left) call for the state to waive the tuition fees of state-owned Universiti Selangor (Unisel) to fulfill its free education promise, Khalid said the pledge was made on condition that the opposition captured Putrajaya.
“(What was promised by opposition leader Anwar Ibrahim) was on the basis that we rule Putrajaya and manage the treasury, but not now.
“But if Khaled and the BN government want to give us the power now, we can go Putrajaya and show them how we can do it,” he said at a press conference after the state exco meeting today.
Free education but only if opposition runs Putrajaya …www.malaysiakini.com/news/200103 – Cached
|12:08PM Jun 6, 2012|
Higher Education Minister Khaled Nordin has admonished opposition leader Anwar Ibrahim’s call to students who had taken loans with the National Higher Education Fund (PTPTN) not to make repayments.
Replying in a tweet response to Selangor Higher Education exco member Halimah Ali, who noted the PTPTN loans were formed to assist the group of students needing financing, Khaled (left) responded “tell Anuar (sic) who had asked borrowers not to repay their PTPTN loan”.
“It was the Pakatan Rakyat and PKR which resulted in student defaulting on their loans as it urged students not to repay their PTPTN loans,” said the higher education minister.
PKR promises uni students RM5,000 annually – Malaysiakiniwww.malaysiakini.com/news/200046 – Cached
NO PTPTN FOR UNIVERSITY OF SELANGOR STUDENTS!!!
Is the BN govt using PTPTN against the Selangor govt-owned University Selangor (Unisel)?
Khaled must quit if he ordered Unisel loan freeze’
PKR director of strategy Rafizi Ramli today said that Higher Education Minister Khaled Nordin has to resign from his post if he had instructed the National Higher Education Fund (PTPTN) to halt giving loans to Universiti Selangor (Unisel) students.
At a press conference today, he said that this is because such an act smells of “vindictive” politics, which is unacceptable for a minister of Khaled’s ranking.
“Here we have a minister who, when a decision was quietly taken to stop loans to (a) thousand students, instead of showing concern for the welfare of the students, was celebrating and gloating about it. He was clearly vindictive,” he said.
Khaled yesterday tweeted that if students cannot pay fees due to absence of the loans, then Unisel should waive the fees and fulfill Pakatan Rakyat’s free education proposal.
‘Khaled must quit if he ordered Unisel loan freeze …www.malaysiakini.com/news/200052 – Cached
The National Higher Education Fund (PTPTN) has temporarily halted loans to new students enrolled in Selangor government-owned Universiti Selangor (Unisel).
In answering a query on its online forum, the fund said that the loans for Unisel students have been “halted for the time being”.
When contacted on PTPTN’s hotline, an officer said that there has been an internal email sent to staff on the matter but no official circular was issued.
Confirming the freeze, Unisel vice-chancellor Anuar Ahmad, however, said that the university has not received any formal notifications from PTPTN.
1 PTPTN halts loans to Universiti Selangor – Malaysiakiniwww.malaysiakini.com/news/200000
2 Malaysians Must Know the TRUTH: PTPTN halts loans to …malaysiansmustknowthetruth.blogspot.com/2012/06/ptptn..
Free Malaysia Today
PTPTN a catastrophe in the making, says Rafizi
The education loan scheme will be RM24 billion in debt by 2020, says PKR’s strategic director.
PETALING JAYA: Student loans will likely bloat to a catastrophic level by 2020, according to PKR strategic director Rafizi Ramli.
Basing his calculation on the current 10% to 17% annual approval rate, he said the National Higher Education Fund Corporation (PTPTN) would be in debt to the tune of RM24 billion by 2020, with the bulk coming from financing private education loans.
This means the total amount of loans approved could be as high as RM177 billion.
www.freemalaysiatoday.com/category/nation/2012/05/30… – Cached
PTPTN is crony-owned colleges’ way to make money
|Harakahdaily,||28 May 2012|
May 28: PAS’s Dzulkefly Ahmad upped the ante over the controversial National Higher Education Fund Corporation (PTPTN), saying it is a channel for Barisan Nasional to enrich cronies through private higher education institutes.
In his reaction to the recent debate on the subject between PKR’s Rafizi Ramli and UMNO’s Khairy Jamaluddin, the Kuala Selangor MP said behind its declared objective of providing financial aid to poor students attending college, the scheme was actually the cronies’ way of milking public funds.
Backing his argument, Dzulkefly, who is also PAS central committee member, cited how a private college had recently demanded PTPTN to settle some RM15 billion in debt for fees of nursing and medical students.
“This college charges RM90,000 a student in its nursing programme but could not guarantee a job upon graduation. Is this appropriate to continue?” he asked.
SOME FACTS ABOUT NURSING AND PRIVATE COLLEGES
1 A 3-year Diploma in Nursing cost about RM60,000 for a student in Malaysia:
1) Course fees – RM40,000
2) hostel – RM10,000
3) books, foods & miscellaneous – RM10,000
2 PTPTN Perbadanan Tabung Pendidikan Tinggi Negara (National Higher Education Loan Fund), provides almost a 100% loan to students pursing nursing studies.
3 Students who attend nursing colleges attached to a hospital are normally sponsored by the hospital itself and are bonded to the hospital between 5 and 7 years.
4 Alternatively, students also may borrow the entire sum from PTPTN at 3% interest rate. The student who takes a loan of RM50,000 may have to pay upon graduation about RM350 a month for 15 years. In comparison, the monthly salary of an entry level registered nurse is about RM1,300 (with night shifts, it is RM2,000).
www.etawau.com/edu/IndexCollegeNursing.htm – Cached
Malaysians Must Know the Truth
Thursday, February 2, 2012
Too many nurses chasing too few jobs
malaysiansmustknowthetruth.blogspot.com/2012/02/too-many… – Cached
Didn’t I say this almost 2 years ago? http://pagalavan.com/2010/04/27/no-more-nursing-schools-from-july/. The government stopped new nursing colleges from July 2010 onwards but this was what I said then:
“It is good that the government is going to stop new nursing colleges but will this solve the problem? The existing nursing colleges itself are producing thousands of nurses of doubtful quality and they will keep producing them to get profit. So the number of new nurses will continue to be produced by these colleges, or may even increase! Even now, there are fresh nurses who are unable to find a job as the government service seem to be saturated with them.”
This was 2 years ago and now, the article below written by Dr Jeyakumar clearly illustrates the current situation. I predicted this to happen and it is happening. The number of application for nursing job in my hospital is piling up day by day. Many of them are totally below par in quality and not even employable. I was made to understand that you just need 1 credit in SPM to be eligible to do nursing!! You don’t need to pay anything as the college will apply for PTPTN loan for you. And woolah, you will do the course for free and become unemployed later. Who cares about job prospects as the college has already made the money.
The above article is a memorandum submitted by Dr Jeyakumar Devaraj to the Higher Education Minister on December 13, 2011 expressing concern about the high number of unemployed nursing graduates.
* Dr Jeyakumar Devaraj is the member of Parliament for Sungai Siput.
pagalavan.com/…nursing-grads-jobless-jeyakumar-devaraj – Cached