4,430 top students need not repay PTPTN loans
JOHOR BARU, June 23 — Those who scored first-class honours in their bachelor’s degree before 2010 need not repay their Higher Education Fund Corporation (PTPTN) loan.
This follows the government agreeing to widen the policy to convert the loans to scholarships.
Higher Education Minister Datuk Seri Mohamed Khaled Nordin (picture) said the move to convert loans to scholarships for students who scored outstanding results was decided on June 15.
He said 4,430 students, comprising from both private and public universities, who obtained excellent results had their PTPTN loans converted to scholarships since July 1, 2005. This involved a total amount of RM116.2 million.
“These students are required to submit their official offer letters to PTPTN, together with a copy of their certified first-class degrees, examination results, student declaration and accreditation certificate from the Malaysian Qualifications Agency,” he added.
Mohamed Khaled was speaking to reporters after launching the National Education Savings Scheme and handing over cash advance loans to 255 students in the Pasir Gudang constituency here today.
The Pasir Gudang MP said the decision to extend the convertible policy was made to acknowledge outstanding students, besides encouraging others to obtain excellent results. — Bernama