Some 1,574,700 borrowers who failed to repay their National Higher Education Fund Corporation (PTPTN) loans, totalling RM32.07bil, have been listed in the Central Credit Reference Information System (CCRIS).
Deputy Higher Education Minister Datuk Dr Mary Yap Kain Ching said CCRIS was not a mechanism for PTPTN to blacklist hardcore defaulters as claimed by certain quarters.
“The record in CCRIS serves as the best practice for all financial institutions to ensure that the borrowers repay (their) loans accordingly,” she said at the Dewan Negara sitting yesterday.
She was replying to a question by Senator Datuk Ng Chiang Chin on the discount offered in the 2017 Budget and the latest number of loans given out by PTPTN.
Yap also said that PTPTN had issued loans to 2.6 million borrowers until the end of their studies, involving an allocation of RM59.67bil as of last month.
“PTPTN has collected RM10.07bil from 1.2 million borrowers compared to RM18.84bil which was supposed to be collected from 1.9 million borrowers during the corresponding period,” she added.