Cabinet Approves Additional RM6 Billion For PTPTN In 2012-2013
31 March 2012
KUALA LUMPUR, March 31 (Bernama) -- The government has approved anadditional amount of RM6 billion for the National Higher Education FundCorporation (PTPTN) for 2012 and 2013, said the Minister of Higher Education,Datuk Seri Mohamed Khaled Nordin.
He said the Cabinet at its weekly meeting yesterday approved theapplication by his ministry considering the importance and relevance of PTPTNin financing the education of students in tertiary institutions (IPT).
"As at Feb 29, a total of 1.9 million borrowers had received funding fromPTPTN to a tune of RM43.6 billion," he said when speaking at the closingof the National Higher Education Carnival at the Putra World Trade Centre, hereSaturday.