Court action against 104,083 PTPTN loan defaulters

SUNGAI PETANI: The court has issued summonses to 69,573 stubborn loan defaulters of the National Higher Education Fund Corporation (PTPTN).
PTPTN board of director Datuk Tajul Urus Md Zain said the corporation had no choice but to resort to court action since 104,083 students had defaulted on their payment from 2007 to Sept 30 this year.
"We (PTPTN) have no choice but to take stern action since these are loan defaulters who have refused to pay up despite many reminders and requests," he told reporters after opening a community programme.
Tajul said thus far, PTPTN has received RM2.7bil from 725,000 borrowers, dating back from 1997 to last month, while the actual amount that should have been collected was RM5.6bil.

He said as of Sept 30 this year, the PTPTN had approved RM4.16bil to 172,134 eligible recipients.
"Students who have completed their studies must fulfill their responsibility and obligation by paying back their loan amount so that others can enjoy a similar benefit to continue their studies.
"If they encounter any problems, they should inform PTPTN of their predicament instead of trying to avoid payment," he said.