Malaysia’s Student Loan Company : : Tackling the PTPTN Time Bomb / / Wan Saiful Wan Jan.
The Malaysian National Higher Education Fund Corporation (PTPTN) was set up in 1997. Since then, it has accumulated a massive debt amounting to RM40 billion in principal plus RM13 billion in interest. All these are guaranteed by the Malaysian government. It is now the biggest provider of student loa...
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Place / Publishing House: | Singapore : : ISEAS Publishing, , [2020] ©2020 |
Year of Publication: | 2020 |
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Wan Jan, Wan Saiful, author. aut http://id.loc.gov/vocabulary/relators/aut Malaysia’s Student Loan Company : Tackling the PTPTN Time Bomb / Wan Saiful Wan Jan. Singapore : ISEAS Publishing, [2020] ©2020 1 online resource (40 p.) text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Frontmatter -- FOREWORD -- Malaysia’s Student Loan Company: Tackling the PTPTN Time Bomb restricted access http://purl.org/coar/access_right/c_16ec online access with authorization star The Malaysian National Higher Education Fund Corporation (PTPTN) was set up in 1997. Since then, it has accumulated a massive debt amounting to RM40 billion in principal plus RM13 billion in interest. All these are guaranteed by the Malaysian government. It is now the biggest provider of student loans in the country and continues to play a very important role in catalysing socio-economic mobility, especially among the ethnic Malays which is the majority community in the country. However, the business model employed by PTPTN is irrational and unsustainable. It borrows from the financial market at, on average, 4 to 5 per cent, and lends to students at 1 per cent. No serious effort has been made to revamp this model, and all public discussions around it have been driven by political populism. The biggest challenge is the low repayment rate. This problem has been ignored because Malaysian politicians of all colours have wanted to maintain popularity. Collecting debt is certainly not popular. PTPTN, under a new leadership since mid-2018, gathered and developed ideas on how to reform their organization. These ideas have been presented to various levels of government, including to the Cabinet in early 2020. PTPTN must be reformed to avoid its debt from inflating further. Whether the Malaysian government has the much-needed political will to push through the reforms is a question yet to be answered. Mode of access: Internet via World Wide Web. In English. Description based on online resource; title from PDF title page (publisher's Web site, viewed 27. Jan 2023) Organization & Management of Education. EDUCATION / Organizations & Institutions. bisacsh Jan, Wan Saiful Wan, contributor. ctb https://id.loc.gov/vocabulary/relators/ctb Title is part of eBook package: De Gruyter DG Plus PP Package 2020 Part 2 9783110696295 Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2020 English 9783110704716 Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2020 9783110704518 ZDB-23-DGG Title is part of eBook package: De Gruyter EBOOK PACKAGE Social Sciences 2020 English 9783110704723 Title is part of eBook package: De Gruyter EBOOK PACKAGE Sociology, Education, Psychology 2020 9783110704549 ZDB-23-SEW Title is part of eBook package: De Gruyter ISEAS Complete eBook-Package 2020 9783110689594 Title is part of eBook package: De Gruyter PP ROW Ebook Package English 2020 9783110696301 print 9789814881678 https://doi.org/10.1355/9789814881685 https://www.degruyter.com/isbn/9789814881685 Cover https://www.degruyter.com/document/cover/isbn/9789814881685/original |
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Wan Jan, Wan Saiful, Wan Jan, Wan Saiful, |
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Wan Jan, Wan Saiful, Wan Jan, Wan Saiful, Malaysia’s Student Loan Company : Tackling the PTPTN Time Bomb / Frontmatter -- FOREWORD -- Malaysia’s Student Loan Company: Tackling the PTPTN Time Bomb |
author_facet |
Wan Jan, Wan Saiful, Wan Jan, Wan Saiful, Jan, Wan Saiful Wan, Jan, Wan Saiful Wan, |
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j w s w jws jwsw j w s w jws jwsw |
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VerfasserIn VerfasserIn |
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Jan, Wan Saiful Wan, Jan, Wan Saiful Wan, |
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w s w j wsw wswj w s w j wsw wswj |
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MitwirkendeR MitwirkendeR |
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Wan Jan, Wan Saiful, |
title |
Malaysia’s Student Loan Company : Tackling the PTPTN Time Bomb / |
title_sub |
Tackling the PTPTN Time Bomb / |
title_full |
Malaysia’s Student Loan Company : Tackling the PTPTN Time Bomb / Wan Saiful Wan Jan. |
title_fullStr |
Malaysia’s Student Loan Company : Tackling the PTPTN Time Bomb / Wan Saiful Wan Jan. |
title_full_unstemmed |
Malaysia’s Student Loan Company : Tackling the PTPTN Time Bomb / Wan Saiful Wan Jan. |
title_auth |
Malaysia’s Student Loan Company : Tackling the PTPTN Time Bomb / |
title_alt |
Frontmatter -- FOREWORD -- Malaysia’s Student Loan Company: Tackling the PTPTN Time Bomb |
title_new |
Malaysia’s Student Loan Company : |
title_sort |
malaysia’s student loan company : tackling the ptptn time bomb / |
publisher |
ISEAS Publishing, |
publishDate |
2020 |
physical |
1 online resource (40 p.) |
contents |
Frontmatter -- FOREWORD -- Malaysia’s Student Loan Company: Tackling the PTPTN Time Bomb |
isbn |
9789814881685 9783110696295 9783110704716 9783110704518 9783110704723 9783110704549 9783110689594 9783110696301 9789814881678 |
url |
https://doi.org/10.1355/9789814881685 https://www.degruyter.com/isbn/9789814881685 https://www.degruyter.com/document/cover/isbn/9789814881685/original |
illustrated |
Not Illustrated |
doi_str_mv |
10.1355/9789814881685 |
oclc_num |
1153088605 |
work_keys_str_mv |
AT wanjanwansaiful malaysiasstudentloancompanytacklingtheptptntimebomb AT janwansaifulwan malaysiasstudentloancompanytacklingtheptptntimebomb |
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ids_txt_mv |
(DE-B1597)562994 (OCoLC)1153088605 |
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Title is part of eBook package: De Gruyter DG Plus PP Package 2020 Part 2 Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2020 English Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2020 Title is part of eBook package: De Gruyter EBOOK PACKAGE Social Sciences 2020 English Title is part of eBook package: De Gruyter EBOOK PACKAGE Sociology, Education, Psychology 2020 Title is part of eBook package: De Gruyter ISEAS Complete eBook-Package 2020 Title is part of eBook package: De Gruyter PP ROW Ebook Package English 2020 |
is_hierarchy_title |
Malaysia’s Student Loan Company : Tackling the PTPTN Time Bomb / |
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Title is part of eBook package: De Gruyter DG Plus PP Package 2020 Part 2 |
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