PERGERAKAN Pemuda urges the Government through the Ministry of Higher Education (MOHE) to review PTPN loan policy for students of Higher Education Institutions.
2. The previous PH government has terminated this practice of full lending on the grounds of the Federal Government’s poor financial position.
3. For UMNO Youth, the previous decision by PH was made in a hurry, half-cooked and did not take into account the real ability of the people who have been benefiting from the PTPTN loan policy during the BN Government.
4. For example, the PTPTN policy of the PH era did not even estimate the number of students at various IPTs, even though household income has exceeded the M40 category level.
5. Also raised in the PTPTN loan policy formulation by the Government is the total PTPTN debt which is said to have reached RM40 billion as of May 2019. However, the policy to encourage loan repayment by graduates is always streamlined and enhanced in the Barisan Nasional (BN) administration era, including the involvement of other government agencies such as the Immigration Department, IRB, EPF and others.
6. UMNO Youth is of the opinion that the PTPTN loan policy during the PH era should be terminated immediately and a 100% full loan should be reinstated, especially in a situation where the people are increasingly facing difficulty because they are affected by the economic downturn due to the Covid-19 epidemic.
7. Therefore, UMNO Youth once again hopes that the Government, especially the Prime Minister, can consider this call to ease the burden of the people, especially tens of thousands of students who are and will continue their studies at the highest level, which at the same time can provide long-term return on investment of human capital in the future.
Dato’ Dr. Asyraf Wajdi Dusuki
Ketua Pergerakan Pemuda UMNO Malaysia