Monday, 29 August 2016
Universiti Malaya student representative council president Fanitsyara Kam Phon said it was not fair to penalise the new batch of students because of others who had defaulted on payment.
“Even with the full loan, life is tough for students because of the rising cost of living,” she said.
She said this in response to PTPTN chairman Datuk Shamsul Anuar Nasarah’s announcement that they could not provide full loans because of the poor rate of repayment, as only RM8bil was retrieved out of RM56.4bil released since 1997.
He said the Government had already subsidised 90% of the tuition fees.
Fanitsyara, a fourth-year biotechnology student, said PTPTN should look into giving full loans on a case-by-case basis because even with both parents working, it did not mean they could afford the additional burden.
Fanitsyara said defaulters should repay their loans to give future students the chance to pursue their studies without worrying about finances.
Universiti Putra Malaysia student representative council president Mohamad Syzrul Yahya hoped the authorities would look into the poor students’ request.
“We understand PTPTN’s predicament because of the many defaulters.
“We don’t encourage students to take a full loan if they can afford it, as it will only add to their burden when they need to repay the loan.
“But the poorest of the poor students are in dire straits.
“As it is, between 30% and 40% of students are working part-time to cover their daily needs because we need at least RM400 a month for food and stationery,” he said.
Shamsul said defaulters would be blacklisted under the Central Credit Reference Information System.