PUTRAJAYA: National Higher Education Fund Corporation (PTPTN) defaulters will be given the chance to discuss with the corporation on how to repay their outstanding study loans before their names are included in Bank Negara’s Central Credit Reference Information System (CCRIS).
Second Education Minister Datuk Seri Idris Jusoh said a three-month grace period would be given to allow defaulters to come forward to PTPTN. Some 170,000 PTPTN borrowers, aged between 26 and 38, had yet to repay RM1.2 billion worth of study loans between 1998 and 2010.
Idris said the PTPTN had been flexible, but there were those who took advantage by failing to make any payment at all.
“When we implement the system (link-up with CCRIS), we will give three months for the borrowers to discuss and make payments before their names are listed in the CCRIS.”
He said PTPTN had the borrowers’ details and know that some of them were well-paid, but had not make any attempts to repay their debts.
Source: NST (posted on 10 October 14)
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