KUCHING: Only Sarawakians who have paid at least 30 per cent of the arrears of their National Higher Education Fund Corporation (PTPTN) loans are eligible for help from the state government, said Yayasan Sarawak director Azmi Bujang.
He explained that for Sarawakian borrowers who have paid at least 30 per cent of the arrears, Yayasan Sarawak would pay another 30 per cent of the arrears for them.
“We want all Sarawakians to know that if they have not paid at least 30 per cent, they should do it first before we can help them,” he pointed out during a press conference held at the Yayasan Sarawak building here yesterday.
He also said that Yayasan Sarawak will automatically have names of those who have paid at least 30 per cent of their arrears to PTPN; thus those who do so need not apply for the assistance.
The state government will spend RM30 million for the initiative which will benefit 9,634 students.
“Yayasan Sarawak hopes that eligible students enjoy this initiative to continue paying their loan balance to PTPTN. Students who want to know more details about their loan can however contact PTPTN,” said Azmi.
Although Yayasan Sarawak and PTPTN are still in the final stages of documentation for the initiative, several discussions have been held by Yayasan Sarawak with PTPTN last year.
A memorandum of understanding was also signed between Yayasan Sarawak and PTPTN recently as the state government through Yayasan Sarawak has agreed on a formula that will be used to help Sarawakian students pay their loans.
“For the record, Yayasan Sarawak has been entrusted by the state government to implement the state government’s initiative to help Sarawakian students to repay the arrears of their PTPTN loans,” said Azmi.
The initiative was announced by Chief Minister Datuk Patinggi Abang Johari Tun Openg recently.
Meanwhile during the press conference, Azmi also said that the state government will also help Sarawakians pay their scholarship and loan from Yayasan Sarawak.
“The formula is the same for them in which they have to pay at least 30 per cent first of their arrears and the state government will pay another 30 per cent to help them out,” he said.
Those who need such assistance must however apply to Yayasan Sarawak first.
A total of 3,715 students are eligible for such assistance.
Also present during the press conference was PTPTN Sarawak general manager Yussuf Chik.