Over 64k IPTA students will be benefited as the PTPTN loan rates increase.
64,301 students enrolled in public institutions of higher education (IPTA) are anticipated to profit from today’s announcement of an increase in the National Higher Education Fund Corporation (PTPTN) loans for the M40 (M1) category.
The hike, which has financial ramifications of RM183.5 million for a year, is one of the government’s measures to lessen the burden on students at the institutions of higher learning (IPT), particularly those from the M40 group, according to Higher Education Minister Datuk Seri Noraini Ahmad.
The M40 (M1) group will now receive a 100% increase in their PTPTN loan, according to the announcement made by Prime Minister Datuk Seri Ismail Sabri Yaakob.
In an effort to protect the interests of Keluarga Malaysia students, the prime minister also said that the government has decided to offer laptop loan facilities to PTPTN debtors in the M40 group.
Noraini continued by saying that the laptop loan programme for PTPTN borrowers will help 33,837 IPTA students overall and have a yearly financial impact of RM101.5 million.
With regard to today’s programme, it has been recorded as having the most people repeat the Rukun Negara pledge in a hybrid fashion, with a total of 112,413 IPT students participating from all over the nation.
All state universities in the country, polytechnics, community colleges, and a number of private institutions of higher education (IPTS) from the Klang Valley participated in the event, which was held in the Pavilion Stadium at Universiti Pertahanan Nasional Malaysia (UPNM).