PTPTN loans: RM70.2m allocated to students

The government committed in providing education funding to all Malaysians, says the corporation

TEMERLOH: The National Higher Education Fund Corporation (PTPTN) has allocated RM70.2 million in Sponsorship Advanced Payment (WPP) to 46,824 students for the September intake into public and private higher learning institutions, said its chairman, Ismail Mohamad Said.

He said the WPP of RM1,500 per student would allow them to make various payments, thus reducing their burden, adding that up till July 31, PTPTN had distributed RM856.9 million in WPP to 583,634 students.

“Up till July, PTPTN had given out loans totalling more than RM44 billion to 1.94 million students to further their studies locally and abroad,” he told reporters at the breaking of fast gathering in Kampung Peragap Kerdau, here yesterday.

He said the allocation increased every year following the large number of students who managed to get places for further studies.

According to him, the allocation proved that the government was committed in providing education funding to all Malaysians regardless of race or political affiliation.

Bernama