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PTPTN to work closely with MOF on loan waiver for First Class Honours graduates

by AZALEA AZUAR / pic TMR FILE

THE National Higher Education Fund Corporation (PTPTN) will work closely with the Finance Ministry (MOF) regarding the government’s announcement to exempt First Class Honours graduates from repaying their student loans.

PTPTN chairman Apli Yusoff said this incentive is evidence of the government’s concerns on PTPTN borrowers’ educational achievements.

As an agency under the Higher Education Ministry (MOHE), Apli said PTPTN will ensure that matters regarding refund exceptions are implemented smoothly for the benefit of qualified borrowers.

“PTPTN has expressed its gratitude to Prime Minister Datuk Seri Ismail Sabri Yaakob and welcomed the announcement to provide privileges to PTPTN borrowers who graduated with First Class Honours regardless of economic status, race and religion who graduated from 2019 onwards,” he said in a statement on Friday.

Previously, the loan waiver for First Class Bachelor’s Degree holders was only given to B40 and M40 groups.

The Prime Minister’s announcement was made in conjunction with PTPTN’s 25th Silver Jubilee celebration on July 22.

 

Dzul

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