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PTPTN Withholds Loans To 152,000 Non-performing Students

PTPTN Education Loan
TEMERLOH, June 24 (Bernama) -- The National Higher Education Fund Corporation (PTPTN) has withheld loans to 152,000 students for scoring a Semester Grade Point Average (SGPA) of 2.0 and below.

Its chairman, Datuk Ismail Mohamed Said said the students, who obtained poor results, had received loans totalling RM632 million.

He said they used to excel in their studies but for some reasons their performance deteriorated and they failed to obtain above 2.0 SGPA in the second semester.

"But if they are able to get above 2.0 SGPA in the next examination, the loans will be released," he told reporters after presenting loans to 100 public and private universities students from the Kuala Krau parliamentary constituency in Jengka near here tFriday.

Ismail said so far the PTPTN had approved loans amounting to RM38.69 billion for 1.75 million students and waived loan repayments totalling RM277.99 million for 9,545 students who graduated with first class honours last year.

Of the 132,810 blacklisted students who defaulted on loan repayments, he said 12,400 had repaid loans amounting to RM113.9 million.