PKR today slammed the National Higher Education Fund Corporation (PTPTN) over its latest statement that it cannot guarantee full loans to new students due to low repayments by borrowers.
The party’s youth chief, Nik Nazmi Nik Ahmad, in a statement, said PTPTN’s decision was disappointing and said the body had failed to resolve its longstanding repayment issue with solid action plans.
“Although we understand the issues faced by PTPTN, the corporation must also realise that it is the main source of funding for many Malaysians who want to further their studies.
“This decision (to limit funding) will not only impact students, but also affect the future of Malaysia, which already has very limited room for higher education.”
Nik Nazmi said the rise in cost of living must be taken into account, before imposing terms of repayment on borrowers.
Similar considerations should also be made before limiting funding for new students as many parents ended up paying more than half of their monthly wages for their children’s education, he added.
“Without PTPTN, or other means of funding, the majority of Malaysians will face difficulties in furthering their studies, especially when they have to resort to borrowing from families, friends or, worse, loan sharks.”
Therefore, Nik Nazmi urged the government to review the decision to limit funding for new students.
“Don’t gamble on Malaysia’s future when it is PTPTN and the government which has slacked off. Fix yourselves before punishing the people who are already oppressed.”
Yesterday, Bernama quoted PTPTN Chairman Shamsul Anuar Nasarah as saying the corporation was not able to give 100% loans to students who wish to further their studies at public institutions of higher learning (IPTA) because the loan recovery did not meet the target.
He said although the loan recovery had improved recently, it still had not reached the target.