National Higher Education Fund Corporation
Perbadanan Tabung Pendidikan Tinggi Nasional
(PTPTN)
AbbreviationPTPTN
Formation1 November 1997 (1997-11-01)
HeadquartersTingkat Bawah, Menara PTPTN, Blok D, Megan Avenue II, No. 12, Jalan Yap Kwan Seng, Kuala Lumpur, Malaysia
Chairman
Vacant
Chief Executive
Ahmad Dasuki bin Abdul Majid
AffiliationsMinistry of Higher Education
Websitewww.ptptn.gov.my

National Higher Education Fund Corporation (Malay: Perbadanan Tabung Pendidikan Tinggi Nasional), abbreviated PTPTN, is an authority responsible for giving study loans to students pursuing tertiary education in Malaysia. This agency is under Ministry of Higher Education.

PTPTN Repayment Exemption

Eligibility

  • Candidates are required to obtain a bachelor's degree with first class honours.
  • Candidates have attained a full-time course.
  • Candidates have completed their studies within the designated time-frame as stated in PTPTN's agreement letter.
  • Candidates have completed their studies in the designated course as stated in PTPTN's agreement letter.
  • The course attended is accredited by Malaysian Qualifications Agency.
  • Candidates must submit the complete application within twelve months from the date of the convocation.

History

The former PTPTN chairman was Wan Saiful Wan Jan, former chief executive of the Institute for Democracy and Economic Affairs and Pakatan Harapan (PH) candidate for Pendang federal seat in the 2018 general election serving from June 2018 to June 2022.[1] The new government led by Anwar Ibrahim decided that there would be no more political appointments in any government agency causing the chairman position held by Apli Yusof who was appointed by the former government to be vacant immediately, he is the current head of UMNO Kuala Nerus division.

Criticism of PTPTN

Free Education Proposal

Some parties, particularly the opposition parties and student organizations want higher education for free and abolish PTPTN agency. Several demonstrations have been made including a meeting with the government. The government will not make education free for some reason [2][3][4]

Beginning 2015, hardcore PTPTN loan defaulters have been listed inside Central Credit Reference Information System (CCRIS), which is a Bank Negara Malaysia (BNM) database system that stores financial records of Malaysian borrowers. [5] Defaulters also run the risk of being barred from leaving the country altogether.

References

  1. ↑ "Wan Saiful: Last day as PTPTN head was in June". The Star. 12 July 2022. Retrieved 12 July 2022.
  2. ↑ "Free Higher Education : Making Education Accessible to All - The Rakyat Post". 27 December 2013.
  3. ↑ "The need to fund higher education - Education | the Star Online".
  4. ↑ "Pendidikan percuma dengan syarat rakyat bayar cukai tinggi, kata Nur Jazlan - the Malaysian Insider". Archived from the original on 25 November 2015. Retrieved 27 August 2015.
  5. ↑ "Don't run away, PTPTN exhorts loan defaulters". 22 July 2015.


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