Monday, 3 November 2014

PTPTN Cuts Down Student Loan Amount 5% (Public Universities/IPTA) to 15% (Private Universities/IPTS) with Immediate Effect

Perbadanan Tabung Pendidikan Tinggi Nasional PTPTN
Perbadanan Tabung Pendidikan Tinggi Nasional (PTPTN)
Sin Chew Daily:
National Higher Education Fund (PTPTN) announced the adjustment of the amount of student loans, and the study loan amount will be reduced by 5% for all students in public universities, while 15% for private tertiary students with immediate effect.

Medical courses are not affected by this change. This was reportedly due to government's understanding that tuition fees of medical courses are expensive, hence no adjustment to the student study loan amount.
The justification for this change (which has been in effect since 1st November 2014) was reportedly to benefit more students as more students will have their PTPTN study loan application accepted. The most impacted students will be those studying and staying in Klang Valley such as undergraduates from University of Malaya, KL due to the rising cost of living. A better and more rational change would be to offer different study loan amount according to different tier of city, town, rural etc.