PTPTN Exemption For First Class Honor
In Budget 2010 announced on 23 Oct 2009, graduates who pass with first class honor will have their PTPTN loan waived. First class honor graduates do not need to pay back the loan again.
What a good news to the first year students to study hard to have their PTPTN waived. Government intends to reward students who excel in their studies. I wish I would have this reward too during my university time so that I will double my effort to get good results. At least there are a goal for me to achieve.
Only degree holders and higher learning center that are accredited by the National Accreditation Board (LAN) are eligible for the exemption. Another criteria for exemption is student must fully sponsored by PTPTN are eligible for it.
Degree undergraduate usually borrow RM10k to RM30K of loan during their university time. This sum usually will be a burden for a fresh graduate right after they start working. Most postgraduates finish their repayment in the range of three to ten years depend on your monthly repayment.
Therefore, it will be nice to have PTPTN waived after graduate so that you will be deft free. You can find more information about PTPTN exemption here.
hi,
i’m glad to hear about this news. may i know is it i’m eligible for the loan exemption if i applied the loan before 21/7/2005 and i’m doing my internship now and its gonna end this Nov? my graduation will be in next year march. tq so much
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Mrcoolku Reply:
August 7th, 2010 at 8:11 pm
Hi, I am not sure when will the government exercise what they promise. 1% for PTPTN is not yer exercise yet since 2008.
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jaclyn85 Reply:
November 4th, 2011 at 11:19 pm
why those first honors who applied PTPTN loan after July 2005 and before year 2006 don’t have the exemption? IT IS UNFAIR TO US!! How im going to appeal and who can help me? Those first honors applied during that time please voice up.
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hi,
some people say those who’re going to graduate this year and onwards are eligible for the loan exemption. but according to what i read it in the link you mentioned(http://www.ptptn.gov.my/web/english/FAQ-english/repayment/exemption) it says that only borrowers whose loan are approved before 1 July 2005 are eligible. i’m graduating next year march and i entered uni in july 2007. i wonder whether i’m eligible for it. tq for answering my question.
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Mrcoolku Reply:
August 16th, 2010 at 7:14 am
If so you might be eligible for it.
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anonymous1 Reply:
August 16th, 2010 at 8:59 am
tq for ur answer Mrcoolku!
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