4 Ways Your Life Could Go Havoc If You Don’t Repay PTPTN

The Higher Education Fund Corporation (PTPTN) is reconsidering to implement travel bans for loan defaulters. During a media briefing on 16th May, the PTPTN management was reportedly also looking at several options to improve the study loan repayments.

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PELAKSANAAN PUBLIC CONSULTATION PAPER (PCP) PTPTN Perbadanan Tabung Pendidikan Tinggi Nasional (PTPTN) hari ini telah mengumumkan Public Consultation Paper (PCP). PCP ini bertujuan untuk mendapatkan maklum balas mengenai skim bayaran balik pinjaman PTPTN baharu yang lebih berpatutan dan langkah-langkah untuk mempertingkatkan kelangsungan pinjaman PTPTN kepada generasi akan datang. Proses konsultasi rakyat ini dilaksanakan dalam bentuk kajian dalam talian (online) menerusi www.ptptn.gov.my/kertas-konsultasi-rakyat. Rakyat akan diberikan maklumat secara lengkap, telus dan terbuka untuk mengalakkan maklum balas yang bermaklumat dan membina. Menerusi PCP ini, PTPTN mengambil pendekatan yang telus dan terbuka bagi memastikan fakta sebenar, hasil perbincangan sesi meja bulat pada permulaan 2019, dapat diakses oleh rakyat. PTPTN berharap kaedah dapatan daripada rakyat yang kami laksanakan mampu mengumpul penyelesaian yang praktikal dan mampu untuk dilaksanakan serta pada masa yang sama, menggalakkan ramai penyertaan orang awam dalam proses memutuskan dasar kerajaan. Selain daripada peminjam PTPTN, diharapkan konsultasi rakyat ini dapat melibatkan pelbagai lapisan masyarakat Malaysia yang juga merupakan pihak berkepentingan. Ini kerana, keputusan-keputusan dasar berkaitan kewangan negara berkemungkinan mempunyai implikasi ke atas golongan ini. Pandangan dan komen boleh dilakukan di pautan www.ptptn.gov.my/kertas-konsultasi-rakyat. Segala kerjasama amat dihargai. Terima kasih.

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Although, according to PTPTN chairman Wan Saiful Wan Jan, Putrajaya would essentially be the decision maker on whether to implement the ban, adding that it was one of the most effective way of making defaulters to repay their loans.

News on this was received with mixed reactions with some agreeing that it’s only fair to those who do pay their loans.

While others disagreed, stating that it was promised in one of their manifesto.

However, PKR president Datuk Seri Anwar Ibrahim has expressed his thoughts on this saying, “I will support the people’s will, and I feel that the public will disagree with any harsh actions, especially for those who have yet to get a job. They took a loan, buy they do not have any work yet. Why do we want to burden them, that is my view.”

If you are capable of repaying your loans, but haven’t done so, better to do it quick or risk the possible consequences.

1. Blacklisted by immigration 

As mentioned above, should PTPTN decide to impose travel ban to loan defaulters, you may never be able to travel overseas again. At least, till you’ve repaid your ‘hutang’.

2. You won’t be able to renew your passport
That’s right, another step taken to ensure the repayment of PTPTN loans, is to not allow defaulters to renew their passport. Well, since you won’t be able to travel overseas, this sort of makes sense!

3. Say bye-bye to your driving license 

This is a pretty drastic step by PTPTN if it’s ever implemented. Failing to settle your loans could cost your license and road tax, as you won’t be able to renew them anymore.

4. You could lose your business license! 

Right, this may seem unreasonable. While most of us would agree that loan borrowers should pay back their debts, they really can’t do that if they lose their business license. It just doesn’t make sense.

“The government or ministry should consider replacing him. He doesn’t know how to handle it, He does not understand the students, he only understands that PTPTN has debts that needs to be settled.” – Adam Adli, FMT

With all of these suggested methods being suggested to ensure the repayment of loan, perhaps PTPTN management could also suggest ways that would satisfy both parties? Surely they should understand, the cost of living in Malaysia is extremely high!

“He said many could not repay their loans due to financial constraints, adding that the RM4,000 salary threshold before borrowers are obligated to repay the study loan is justified.” – FMT on Former Universiti Malaya vice-chancellor Ghauth Othman.

After all, not all borrowers take the advantage of travelling overseas. Some of us are actually barely surviving with a peanut salary.