Study loan conversion scheme expanded
Graduates who obtained first class honours can convert loans into scholarships. -The Star/ANN
PASIR GUDANG - Graduates who obtained first class honours before Jan 1, 2010 and have loans with the National Higher Education Corporation (PTPTN) can convert them into scholarships.
Before this, the loan conversion was available only to students who graduated after 2010.
Up to June 15 this year, 16,194 students had converted their PTPTN loans to scholarships worth RM445.27mil (S$179 mil).
Explaining the decision to widen the scope for those eligible, Higher Education Minister Datuk Seri Mohamed Khaled Nordin said: "The Government believes students who studied hard should be rewarded. Hence, we have decided to extend this offer."
He said the decision will benefit 4,430 eligible first class honours students or those with equivalent qualifications. Khaled said most of these students had yet to complete repaying their loans.
However, he added, PTPTN would ensure that whatever the students had paid would be refunded.
Khaled announced the move when launching the new National Education Savings Scheme-i (SSPN-i) here yesterday. Students keen to know about the latest PTPTN loan-scholarship conversion can log on to www.ptptn.gov.my.
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