PTPTN fee hassle expected to be resolved by June next year

KUALA LUMPUR: Some
800,000 National Higher
Education Fund (PTPTN)
loan borrowers who are still
paying an administration fee
of three per cent, can expect
the problem to be over by
June next year.
Higher Education Minister
Datuk Seri Mohamed Khaled
Nordin said data migration
of 1.4 million PTPTN loan
borrowers to the Ujrah
scheme where the fee is only
one per cent, which had been
delayed almost two years,
would be completed by then.
“However, for 300,000
borrowers who have more
than one loan, the new offer
(one per cent administration
fee) will be done in stages,” he
told reporters after attending
a students awards ceremony
and media get-together at the
Putra World Trade Centre
here on Wednesday.

He said although the fee
reduction was announced in
2008, there were “teething
problems” in ensuring each
eligible account was adjusted
to the new scheme.
He said from Sept 30,
information will be posted on
PTPTN’s website on the latest
status of the students’ loans in stages.
Khaled was clarifying the
situation as there had been
too many complaints from
borrowers that they were still
being made to pay the old rate
for the administration fee.
Meanwhile, Khaled said
2,162 PTPTN borrowers
from public and private
universities who obtained
First Class degrees from
January to July this year
had their loans converted to
full scholarships which
involved a cost of RM59.7
million. — Bernama

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