Study finds PTPTN loans are indispensable for higher studies

Strangely, about 66% of those interviewed want loan waivers given for those who graduate with first class honours to be done away with and replaced with partial waivers.

KUALA LUMPUR: Malaysians would be unhappy if there are no study loans available under the National Higher Education Fund Corporation (PTPTN), a survey conducted by the UCSI Poll Research Centre said.

The centre’s CEO, Noppadon Kannika, said the study polled 700 people and found that 51.6% of PTPTN borrowers are more than likely to pay back their education loans.

Strangely, about 66% want loan waivers for those who graduate with first class honours to be done away with or replaced with partial waivers.

However, 73.1% agreed with the idea of deferring repayment for those earning less than RM2,000 a month.

“About 55.3% asked for an income-based repayment scheme for new borrowers.

“However, 45.1% of the respondents were against any move to have the defaulters prosecuted,” he said in a statement issued here today.

The survey was conducted to gauge public opinions on the loan repayment mechanism.

“This survey can assist PTPTN and the education ministry to look into alternatives to formulate a policy on repaying education loans.

“It was aimed at finding out what borrowers want,” said Noppadon.

The survey was conducted between June 22 and July 9 in Kuala Lumpur with respondents coming from different income groups and educational background.