Malaysia's Pakatan Harapan (PH) administration is having a hard time keeping up with its election promises.
Stuck with a RM1 trillion (S$330 billion) debt pile and populist pledges, the seven-month-old government recently backtracked on a promise to allow workers who took study loans from the government to defer payments if they earn below RM4,000 a month.
The National Higher Education Fund Corporation, known by its Malay acronym PTPTN, is tasked with helping Malaysians finance tertiary education. Just this month, it irked thousands of borrowers after announcing that a Cabinet-approved mandatory salary reduction scheme would come into effect next month.
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Billions in unpaid student loans present headache for KL govt
Stuck with a RM1 trillion (S$330 billion) debt pile and populist pledges, the seven-month-old government recently backtracked on a promise to allow workers who took study loans from the government to defer payments if they earn below RM4,000 a month.
The National Higher Education Fund Corporation, known by its Malay acronym PTPTN, is tasked with helping Malaysians finance tertiary education. Just this month, it irked thousands of borrowers after announcing that a Cabinet-approved mandatory salary reduction scheme would come into effect next month.
More at
Billions in unpaid student loans present headache for KL govt