PTPTN, A RM66.9bn Problem
Dr Geoffrey Williams, Professor & Economist, Malaysia University of Science and Technology (MUST)
25-Oct-23 07:45
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The government is considering introducing a mandatory monthly deduction for repaying PTPTN study loans through an automatic deduction facilitated by IRB. This is as the government agency is saddled with a total debt of RM66.9bn, with no easy solutions to reduce it. Dr Geoffrey Williams, Economist and Professor at Malaysia University of Science and Technology (MUST) suggests some radical solution for this conundrum and why free education is part of that plan.
Image credit: Shutterstock.com
Produced by: Tun Hizami Hashim
Presented by: Wong Shou Ning, Philip See
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Categories: economy, government
Tags: monthly deduction, ptptn, student loans, structural reforms,