PTPTN distributes RM142,000 to 284 IPT students

PETALING JAYA: National Higher Education Fund Corporation (PTPTN) allocated RM142,000 to 284 students of institutions of higher learning (IPT) to ease their financial burden.

Its chairman, Dr. Apli Yusoff said, help in kind one off through the KPT-PTPTN Study Assistance program Prihatin got the cooperation of the Implementation Coordination Unit (ICU), the Prime Minister’s Department and the IPT involved.

He said, it is one of PTPTN’s efforts to dignify the country’s higher education sector by implementing various integrated high-impact programs to help students in particular and society in general.

“Through this program, PTPTN allocated RM142,000 to 284 HEI students across the country who are PTPTN borrowers from the underprivileged.

“Each eligible student receives assistance of RM500 each one off and channeled into the student’s bank account,” he said in a statement today.

According to Apli, until last November 30, PTPTN helped a total of 3.77 million students to continue their studies at IPT with a total of loans issued amounting to RM68.22 billion.

He said that PTPTN also helps new students make early preparations to enroll in early higher education institutions (IPTA) and Polytechnics through the provision of Loan Advances (WPP).

“From 1999 to November 2022, a total of 960,882 students received this benefit with an allocation amounting to RM1.42 billion.

“In addition until November 30, 2022, a total of 90,485 borrowers have been approved for loan repayment exemptions, involving the disposal of loans amounting to RM2.32 billion,” he said.

Apli said that PTPTN is putting together several high-impact initiatives for 2023 as an extension of its efforts in helping the community from various aspects.

“Among them is exploring suitable alternative methods as a source of financing, especially for those who need help.

“PTPTN is also committed to ensuring that future generations can enjoy financing assistance by implementing various strategies to empower loan repayment among PTPTN borrowers,” he said. – MESSENGER

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