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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.
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This is the highest outstanding amount recorded by the education fund, with the lowest being RM6.348bil owed by 970,000 borrowers in 2018.
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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