She said the Income Contingent Loan Repayment system, a method used in Australia, Hungary and Thailand, should be implemented locally. “If this method is implemented in Malaysia, it would eliminate many of PTPTN’s problems of collecting from borrowers. Tan was commenting on PTPTN conducting a public consultation exercise on ways to improve its financial viability. “Defaulters are depriving B40 students the chance to make a better life for themselves through education. The survey includes accurate and up-to-date facts regarding the PTPTN and a summary of the 10 main ideas on viable loan repayment schemes and measures to ensure the loan’s sustainability.

Source: The Star May 18, 2019 00:22 UTC