TEMERLOH, April 25 (Bernama) - The National Higher Education Fund Corporation (PTPTN) has returned RM2.72 million to 3,229 borrowers until March 31 following the adjustment of loan interest rate from 5 to 3-1 percent.
Chairman Datuk Ismail Mohamed Said said PTPTN had over the same period disbursed RM43.85 billion loans to 1.96 million students in institutions of higher learning at home and abroad.
"However, 31,606 borrowers of the 1,052,693 borrowers involving RM6.84 billion loans were given repayment extension due to sickness and studying abroad," he said at `Mesra Minda` programme at Penderas Orang Asli settlement yesterday.
PTPTN had received RM3.18 billion loan repayment while action was taken against 261,561 borrowers who did not respond, involving loans amounting RM1.48 billion.
Since its inception over 15 years ago, PTPTN had approved RM43.85 billion loans. This year, RM5.05 billion was disbursed of which RM3.37billion was to existing borrowers and RM1.68 billion to new borrowers.