KUALA LUMPUR: Only two out of the 2.8 million borrowers of the National Higher Education Fund Corporation (PTPTN) loans were declared bankrupt since the establishment of the institution in 1997. Its chairman, Datuk Dr Shamsul Anuar Nasarah, said the bankruptcy declaration had to be made after the borrowers failed to comply with the court decision. On PTPTN borrowers listed in the Central Credit Reference Information System (CCRIS), he said it was the normal policy practiced by financial institutions in the country. Touching on the issue of travel ban, Shamsul Anuar said it was in line with Section 22A of the PTPTN Act 1997 (Act 566) which allowed PTPTN to blacklist the borrowers. “PTPTN believes that those who travel abroad are those who can afford to make PTPTN loan repayment.

Source: New Strait Times December 05, 2017 10:07 UTC