KUALA LUMPUR – The government has announced several discounts for borrowers of the National Higher Education Fund (PTPTN) loans to lighten their repayments – taking effect from October 14 until March 31, 2024.
Prime Minister Datuk Seri Anwar Ibrahim said that the repayment discount will be offered through three methods: 10% discount for full loan settlement, 10% discount for a single payment of at least 50% of the remaining debt, and 15% discount on instalments via payroll deduction or scheduled direct debit transactions.
Meanwhile, he also announced that university student affairs departments, along with PTPTN, will have to provide assistance to current and future students with financial problems in their entry fees. – October 13, 2023