PTPTN loans will snowball to RM24b by 2020, says Rafizi

PETALING JAYA May 30 — A PKR leader warned today that the current tertiary education model will result in spiralling costs and require the National Higher Education Fund Corporation PTPTN to approve a whopping RM24 billion in student loans for the year 2020 if the current rate of increase continues Strategic director Rafizi Ramli told a press conference that since only RM2 2 billion or half of scheduled repayments have been paid since the fund was established in 1997 the burden would fall back on taxpayers to cover the accumulated RM177 billion to be disbursed by 2020. Read more... Jarumemas: As long as the students pay their loans...