KUALA LUMPUR: Only two out of the 2.8 million borrowers of the National Higher Education Fund Corporation (PTPTN) loans declared bankrupt since the establishment of the institution in 1997.
Its chairman, Datuk Dr Shamsul Anuar Nasarah, said the bankruptcy declarations had to be made after the borrowers failed to comply with the court decisions.
Shamsul Anuar, who is also Umno Welfare Bureau chairman, said this fact had refuted the allegation made by some quarters, especially the opposition, that the PTPTN was a cruel institution because it had strong tendency to declare its …
Read the full article at: http://www.thesundaily.my/news/2017/12/05/only-two-out-28m-ptptn-borrowers-declared-bankrupt-1997