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Normally students in Universiti Utara Malaysia will received an amount of the money from PTPTN which nearly RM2000 after deducted from their course fee for each semester.
Malaysia-based Maybank has been appointed as the National Higher Education Fund Corporation's (PTPTN) panel bank.
PTPTN chairman Wan Saiful Wan Jan said as the leading education loan body, PTPTN sees the difficulties in seeking employment faced by its borrowers as also a problem felt by PTPTN.
It's almost impossible that they still cannot afford to make repayments,' he told the media after the presentation of PTPTN advance financing warrants (WPP) for September Intake 2019 for the Simpang Renggam Parliament, here today.
'We feel this solution is the best way forward because it will not affect the borrower's cash flow and the PTPTN can still recoup funds to fund future borrowers,' the source was quoted as saying, adding that defaulters do not need to worry of being placed on travel blacklist, as the previous Barisan Nasional government had done.
'If they (the blacklisted borrowers) are able to restructure and convinced us that they already have a repayment structure with PTPTN, we will consider.
Zuraida said banks will decide whether PTPTN borrowers were eligible to apply for a mortgage loan because of the list of borrowers in CCRIS was a 'blanket policy' that was not reflective of the real situation involved.
He was responding to a question by Paya Besar MP Mohd Shahar Abdullah, who asked for the state of repayment of PTPTN loan according to age breakdown from 2013 to June 2019.
'It is better for Syed Saddiq to focus on other pressing issues, including promises made towards the youth such as PTPTN, employment opportunities especially for 400,000 Malaysians working in Singapore, cost of living and housing matters,' added Md Salleheen.
National Higher Education Fund Corporation (PTPTN) borrowers listed in the Central Credit Reference Information System (CCRIS) will be able to buy their first house, said Housing and Local Government Minister Zuraida Kamaruddin.
A survey conducted by UCSI Poll Research Centre found Malaysians would be unhappy if there was no National Higher Education Fund Corporation (PTPTN) study loans for future generations.
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