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KUCHING: The Sarawak government has paid RM90.42mil to the National Higher Education Fund Corporation (PTPTN) to settle 30% of the debts owed by Sarawakian students.
PTPTN chairman, Datuk Norliza Abdul Rahim, stated that this sum was obtained after the signing of a Memorandum of Understanding (MoU) for the PTPTN Sarawak Student Loan Repayment Incentive between PTPTN and the Sarawak Foundation on March 5, 2021.
“The Sarawak Foundation has disbursed an incentive allocation for PTPTN loan repayment to Sarawakian students, totaling RM12.43mil, benefiting an estimated 3,000 eligible borrowers,” she said in a statement on Wednesday (Dec 27).
The total amount disbursed by the Sarawak state government is now RM90.42mil, benefiting over 25,000 PTPTN borrowers among Sarawakian students,” Norliza added.
The statement also mentioned that the PTPTN loan repayment incentive for Sarawakian students is a continuation of the state’s Budget 2020 initiative.
This initiative is a result of the MOU signing between PTPTN and the Sarawak Foundation on March 5, 2021, outlining their collaboration for the PTPTN Sarawak Student Loan Repayment Incentive.
Under this collaboration, the state government will cover up to 30% of the current PTPTN loan balance for borrowers who have paid at least 30% of their loan debt.
“PTPTN hopes that the incentive for the repayment of PTPTN loans to Sarawakian students will continue, thereby helping to realize the dreams of future generations in higher education,” added Norliza in the statement. – Bernama
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