Malaysia

PTPTN stresses importance of student loan repayments to sustain education funding

Chairperson urges borrowers to engage with repayment schemes while promoting early savings culture

Updated 4 months ago · Published on 28 Feb 2026 11:44AM

PTPTN stresses importance of student loan repayments to sustain education funding
The government must allocate RM3 billion annually to support some 600,000 current and incoming students through the national education financing programme, Norliza says - February 28, 2026

THE Perbadanan Tabung Pendidikan Tinggi Nasional (PTPTN) has emphasised that timely repayment of student loans is crucial to ensure the continued availability of funding for future generations of students.

Its chairperson, Datuk Seri Norliza Abdul Rahim, highlighted that the government must allocate RM3 billion annually to support some 600,000 current and incoming students through the national education financing programme.

“Initiatives such as #PTPTNBolehBincang and #PTPTNSediaBantu are PTPTN’s efforts to help borrowers make repayments according to their financial capacity.

“We hope borrowers will come forward and discuss their repayment plans to settle their loans, thereby avoiding enforcement actions,” she said during her address at the 2026 PTPTN Ramadan Imarah Programme (IMRAN) at Politeknik Ungku Omar (PUO) in Ipoh yesterday.

Norliza also reiterated PTPTN’s commitment to fostering a culture of savings, particularly among parents, through the National Education Savings Scheme (Simpan SSPN), enabling families to prepare early for their children’s higher education expenses.

“Through Simpan SSPN Prime, a variety of benefits are offered, including individual income tax relief of up to RM8,000 annually on savings, free takaful protection for depositors, matching grants, competitive dividend rates, government-guaranteed savings, and Shariah compliance.

“The scheme also provides matching grants of up to RM10,000 per eligible family, particularly for parents with monthly incomes not exceeding RM4,000,” she explained.

Under Budget 2025, the government expanded the eligibility for matching grants to families earning between RM4,000 and RM6,000 for a two-year period under the Compassionate Matching Grant Initiative (GAPAI), allowing qualifying depositors to apply for up to RM5,000 in matching grants per family.

This initiative aims to benefit a wider portion of the M40 income group.

Norliza noted that Politeknik Ungku Omar is the second venue for the 2026 IMRAN Programme, PTPTN’s flagship corporate social responsibility initiative that has been running since 2021, reflecting the organisation’s dedication to education support and community engagement. - February 28, 2026

Spotlight

Malaysia

Rohingya teen faces death penalty after being charged with newborn baby’s death

Malaysia

Singapore: Chief Justice Sundaresh Menon to retire in Feb 2027, succeeded by Justice Sushil Nair

Malaysia

No further delays for water tariff hike in Penang - CM

Malaysia

Elderly fathers plead for help as sons vanish in suspected Southeast Asia scam networks

Malaysia

Social media influencer charged with statutory rape of underage girl in Kangar

Malaysia

Negeri Sembilan polls enter race mode as 36-seat battle begins

By Alfian Z.M. Tahir

World

Europe heatwave linked to around 12,000 deaths as climate risks intensify

You may be interested

Malaysia

Govt boosts El Nino preparations with drought-resistant rice research to protect food security

Malaysia

Corporate Mafia claims: Govt holds off RCI decision pending probe findings

Malaysia

No further delays for water tariff hike in Penang - CM

Malaysia

Missing 10-year-old girl found dead in Sabah, two men arrested over suspected murder

Malaysia

Govt to pilot MediAsas this month as RESET strategy targets rising private healthcare costs

Malaysia

Father mauled by crocodile as son watches in horror in Sabah river (UPDATED)

Malaysia

Jana Wibawa trial: RM1 million cheque to Bersatu at centre of proceedings

Malaysia

Aminuddin denies abandoning Sikamat