The government is extending the deferment of the National Higher Education Fund Corporation (PTPTN) loan repayments for another three months. The extended deferment will take place from 1 October to 31 December 2020.
Initially, the government had agreed to defer PTPTN loan repayments for a period of three months from April to June, before extending the deferment for another three months until the end of September. With the latest extension announced, PTPTN repayments will be postponed for a total of nine months for the year 2020.
According to Higher Education Minister Datuk Dr Noraini Ahmad, the extended deferment involves an estimated repayment of RM375 million, with the total estimated deferral of repayment valued at RM1.13 billion.
“All PTPTN borrowers will be given an automatic extension on deferment. They will not have to make any application,” she stated. “If there are borrowers who want to continue the loan repayment, they can do so through the online repayment platform that is provided.”
Dr Noraini added that the decision was made as the government understood the financial constraints faced by some PTPTN borrowers who had lost their jobs and sources of income due to the Covid-19 pandemic.
For further information, PTPTN borrowers can contact PTPTN’s Careline at 03-2193 3000 between 9am to 6pm on weekdays, or visit the official PTPTN website.
(Source: The Star)