PTPTN writes off RM59m loans to top students    
Industry News

Source: The Star online

TEMERLOH: The National Higher Education Fund Corporation (PTPTN) has written off RM59mil in loans to 2,162 students who obtained Class One Honours from January to July.

Corporation chairman Datuk Ismail Mohamed Said advised students to get in touch with the corporation to cancel the contracts they had signed when they were given the loans.

“Otherwise, the contracts will be considered to be still operative and they will have to settle the loans,” Ismail told reporters here.

He also said that more than 190,000 borrowers had ignored letters the corporation had sent to them concerning repayment of their loans.

“I advise them to contact us or come to our office. If they fail to do so, legal action will be taken against them,” he added. — Bernama

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