Wednesday June 11, 2008
PTPTN loan rule relaxed
The Government will not enforce the minimum savings requirement that was previously compulsory for anyone applying for the National Higher Education Fund Corporation (PTPTN) loan.
Previously, parents needed a National Education Savings Scheme (SSPN) account in order to qualify for the loan.
“To ease the burden on students wanting to obtain a study loan, the Government has decided that the ruling on compulsory savings would not be enforced this year.
“Those wanting to take a loan need only have a minimum of RM20 in their SSPN account to apply for the loan,” said Higher Education Minister Datuk Seri Mohamed Khaled Nordin in a statement yesterday.
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