The government is considering reviewing the National Higher Education Fund Corporation (PTPTN) loan rates and repayment terms to better assist borrowers while addressing the issue of high outstanding debts, said Prime Minister Datuk Seri Anwar Ibrahim at a programme held at the International Islamic University Malaysia on Friday (April 11).
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NewsTranscript
00:00My second question is about the PTPTN rate because I need Datuk Sri advice on revising the PTPTN rate because we can see our students now barely survive after paying the fees to survive for the upcoming exams.
00:25Thank you Datuk Sri.
00:26The Minister of Higher Education have taken this up but you see you have a PTPTN outstanding debt now if I'm not mistaken close to 40 billion ringgit and if we increase it's going to be 50.
00:42For now, I see we're sensitive to hold on.
00:48We'll help probably students in terms of their needs but I think we have to have a discourage to revise.
00:56Again, I reiterate my earlier point. We can resolve this if we do, for example, tax the very rich. I mean those parents who are very rich should pay.
01:10Then at least we can transfer that to the poorer students.
01:14You know, but you know it's a democratic world.
01:18You know when I increase their tariff for electricity, the opposition attacked me ferociously.
01:24But I said 85% are not affected. We only tax the top 15%. I mean you have six air conditioning and five fans in your house.
01:42You know, you have a 10-room mansion, then you pay electricity at a normal rate, not a subsidized rate.
01:50But the 85% are not affected. But even then, we can break issue.
01:55Now when there's a campaign in Ayah Kuning, the Prime Minister is solemn, he tax people daily, he lies to people.
02:04I don't. You know, we increase.
02:09Which country, from what I know, at least in ASEAN, no country gives that sort of subsidy to, like we do.
02:17The subsidy for the people here is the highest in the region.
02:23But I don't want to subsidize the rate.
02:26For example, I say electricity.
02:28What do you subsidize the rate for ambassadors, high commissioners?
02:36Yeah. Now, no longer from last year.
02:40But before that, we subsidized the electricity bills.
02:44So what we want is for them to pay the normal rate.
02:47Then, insyaAllah, we will try and review the PT-PTN.
02:52Right?
02:53Here's the frequency.
02:54That's it.
02:55There's a frequency.
02:56The frequency.
02:57Right?
02:58We can sell some boxes.
02:59Yes, there's a frequency.
03:01Too much.
03:02But if there's a frequency.
03:03You can choose.
03:04Many things.
03:06You can choose the battery.
03:07The battery.
03:08They pick the battery.
03:09So it's ready.
03:10Well, that's a magnitude, you need to pay attention.
03:12You're able to pay attention.
03:14I'll be the right.
03:15I'll be the right.