A - 100 Days

A06. Restructuring PTPTN repayment & abolishing blacklisting policy

Pakatan Harapan May 10, 2018
Achieved
Jul 2018

PTPTN confirms payment deferment for those earning under RM4,000 monthly

Malay Mail July 16, 2018

The National Higher Education Fund Corporation (PTPTN) will permit borrowers with salaries below RM4,000 a month to defer repaying their study loans.

May 2018

PTPTN defaulters to be removed from immigration blacklist by mid-June

Malaysiakini May 31, 2018

The process of removing PTPTN loan defaulters from the immigration blacklist is progressing in stages and will be completed by mid-June, said the Education Minister Maszlee Malik. He said the process started on May 24 and will continue until June 15, hence delivering one of Pakatan Harapan’s election promises

With the removal of blacklists, all that's left is to have a payment restructuring policy to be enacted

May 2018

Pakatan's PTPTN pledge put on hold for now, says Education Minister Read

The Star Online May 31, 2018

National Higher Education Fund Corporation (PTPTN) borrowers earning less than RM4,000 a month will have to continue paying their loans for now. Education Minister Dr Maszlee Malik said the Pakatan Harapan Government has to work on its promise as the country is saddled with more debt than what was revealed by the previous administration. "The ministry needs more time to find the best way to fulfil this promise within the 100 days," he told reporters after presenting offer letters to SPM school leavers to public universities and matriculation centres at his office on Thursday (May 31). Pakatan's election manifesto included delaying PTPTN loan repayments for those earning RM4,000 and below.

May 2018

Maszlee sets out with plans to fix problems

The Star May 23, 2018

Fresh graduates drawing a salary below RM4,000 could delay repayment of their National Higher Education Fund Corporation (PTPTN) loans once the details have been hashed out. Education Minister Dr Maszlee Malik said he was working on this “100-day promise” of Pakatan Harapan and will meet with the Immigration Department soon to discuss blacklisting measures that are currently in place on PTPTN loan defaulters.

“I am confident borrowers will repay the loan when their salary hits RM4,000, and believe there will be more repaying their loans than defaulters in the future,” he told reporters after the handover of duties from his predecessor Datuk Seri Idris Jusoh at the Higher Education Ministry yesterday.

May 2018

Restructure PTPTN repayment & abolish blacklisting policy

Pakatan Harapan May 10, 2018

The burden of PTPTN loans that graduates have to shoulder today will be reduced by extending the date they have to start repayment. These young people will only be asked to start repayment when their monthly salaries reach RM4,000 per month. Students who performed well in their studies and students from low income households will be given commensurate discounts or the loan will be forgiven completely. Pakatan Harapan realises the PTPTN loan has now become a burden to students. We will overhaul the repayment structure of PTPTN loans so that the total repayment will be based on the borrower's salary. We will undertake to delay the loan repayment for those who earn less than RM4,000 per month and repeal the practice of black listing borrowers who are unable to repay their loans.