The 400,000 errant borrowers who owe RM2.3 billion in PTPTN student loans are advised to pay up, or they will deny over 100,000 students their right to obtain study loans from the corporation.
Its chairman Datuk Shamsul Anuar Nasarah cited that even if RM300 million in PTPTN loans were not repaid, at least 15,000 students would not be able to obtain study loans.
"At the moment, there are some 400,000 hardcore errant borrowers owing RM2.3 billion. This is a big amount," he said after attending an Aidilfitri function in the Lenggong parliamentary constituency today.
Shamsul Anuar said until July 31 this year, 2.24 million students had obtained the facility amounting to RM50.52 billion in allocations, of which only RM4.32 billion has been recovered.
"The paying back of PTPTN loans has improved among borrowers due to the awareness programmes and enforcement action carried out, and public cooperation," he added.
Shamsul Anuar, who is also the member of parliament for Lenggong, said the corporation managed to recover RM553 million in 2009, RM638 million in 2010, RM737 million in 2011 and RM800 million in 2012.
He said that every year PTPTN disbursed about RM1.3 billion in loans to 200,000 borrowers and, in future, it intended to provide the facility to more applicants to enable them to further their studies. - Bernama
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