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PETALING JAYA: The National Higher Education Fund Corporation (PTPTN) reported an outstanding loan amount of RM10.853bil owed by 1.2 million borrowers in 2023, according to the Auditor-General’s report series 1/2025.
This is the highest outstanding amount recorded by the education fund, with the lowest being RM6.348bil owed by 970,000 borrowers in 2018.
The report said the loan tenure ranges between less than a year and up to 12 years.
Meanwhile, the repayment amount for 2023 was RM3.553bil.
-TheStar