Even with discounts, hard for borrowers to pay off study loans

Yasmin Ramlan

Borrowers at the National Higher Education Fund office in Putrajaya. Those who pay off their study loans in full or partially before December 2018 are eligible for discounts. – The Malaysian Insight file pic, December 17, 2017.

LOW wages and the high cost of living have made it hard for borrowers of the government’s higher education loan scheme (PTPTN) to pay back their debts even as they are offered discounts to do so in Budget 2018.

Some borrowers of PTPTN, or the National Higher Education Fund, automatically fall into the Bottom 40% (B40) of households after they graduate – meaning they earn less than RM3,860 a month.

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