Higher Education Minister Idris Jusoh issued a stern warning to the National Higher Education Fund Corporation (PTPTN) to not persecute borrowers in efforts to collect loan repayments.
However, he said those who had taken loans to further their studies should first discuss with PTPTN on the best repayment method or restructure their loans to ensure no mistreatment takes place.
He said according to a survey on defaulting PTPTN borrowers, they had money but were tied down with repayments for their house, car or personal loans.
“What is important is if we owe money, we must pay back.
“Borrowers unable to repay can meet and discuss their loan restructuring with PTPTN first.
“I have instructed PTPTN not to mistreat anyone (borrowers).
“If there are any borrowers who feel they have been wronged, they can come see me personally and provide the details of the PTPTN party who committed that (mistreatment).”
Idris said this after officiating at the 18th International Conference For University Administration 2016, organised by Universiti Teknologi Mara (UiTM) here today.
The three-day conference, which began yesterday, was attended by 336 participants, including those from Brunei and Yemen.
Idris said ever since PTPTN used various loan repayment methods, including allowing monthly salary deductions, the total repayment amount had increased.
“PTPTN’s target to reach a collection of RM2 billion this year has been attained and we expect the total amount to reach RM3 billion by this year’s end.”
He said the borrowers were increasingly aware of their responsibility to repay their study loans.