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PUBLISHED: Feb 11, 2017 9:48am

PTPTN releasing loan funds for local university undergrads on Feb 24

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Source: Bernama Source:
Bernama

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KUALA LUMPUR, 11 Feb 2017:

Borrowers of the National Higher Education Fund Corporation (PTPTN) – involving loans at six public universities – will receive their money from Feb 24.

PTPTN said in a statement yesterday the six public universities are Universiti Sains Malaysia, Universiti Putra Malaysia, Universiti Malaysia Terengganu, Universiti Malaysia Sarawak, Universiti Teknikal Malaysia and Universiti Malaysia Kelantan.

“PTPTN has received the academic status of the borrowers from the six universities between Feb 1 and 7, so the students will receive their money from Feb 24.”

The loan funds for borrowers at five other public universities – Universiti Sains Islam Malaysia, Universiti Teknologi Malaysia, Universiti Malaysia Sabah, Universiti Malaysia Pahang and Universiti Pertahanan Nasional Malaysia – however, will not be disbursed until the PTPTN received the confirmation of their academic status.

“If the universities can submit the students’ academic status before or on Feb 14, the loan funds will be credited to the students’ accounts from Feb 24.

“But, if the universities submitted the confirmation on the students’ academic status between Feb 14 and Feb 26, the money will be credited to the students’ accounts from March 7,” the statement added.

Students can check the date of submission of their academic status and date of loan disbursement at www.ptptn.gov.my.

Meanwhile, Universiti Sains Islam Malaysia will give due consideration to students under PTPTN sponsorship to defer their fee payments.

USIM deputy vice-chancellor (Student Affairs and Alumni) Prof Datuk Dr Hassan Basri Awang Mat Dahan said the university had yet to receive an official announcement from PTPTN on any delay of loan disbursement to students, as it was only reported in the media.

“But we take the matter seriously and will be understanding of students affected by a delay in loan disbursement.

“Similarly, the university will also consider payment deferment for tuition, accommodation, examination and other fees for the affected students until PTPTN makes payment into their accounts,” he said in a separate statement.

Nonetheless, he said, USIM hoped PTPTN would consider the welfare of students by expediting the loan disbursements.

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