June 17 (Bernama) -- The Higher Education Fund Corporation (PTPTN) will automatically withdraw loans from students scoring Cumulative Grade Point Average (GPA) lower than 2.0.
The step was to ensure only committed students gained from the loans, Datuk Tajul Urus Md Zain, a board member of PTPTN, told reporters after handing over loan advances to students of Sekolah Menengah Kebangsaan (SMK) Ibrahim who had gained entry to institutions of higher learning, here today.
A total of 432 students from the Merbok constituency received advances of RM1,500 each during the ceremony.
Besides, Higher Education Ministry also supports the action by the National Higher Education Fund Corporation (PTPTN) to stop loans given out to borrowers who score Cumulative Grade Point Average below 2.0.
Its minister Datuk Seri Mohamed Khaled Nordin said this was to avoid wasting taxpayers money by giving loans to students who were not committed in their studies.
"Students who are not committed to their studies should switch to non-academic fields," he said told reporters when met after the 'Nadi Kasih' certificate presentation ceremony and welfare contribution for Pasir Gudang parliamentary area in Permas Jaya.
According to the minister, such students would find it difficult to gain employment which would result in them not able to service their loans.
He was commenting on remarks made by Datuk Tajul Urus Md Zain, a board member of PTPTN, in Sungai Petani yesterday that PTPTN loans of borrowers whop scored CGPA below 2.0 would be automatically withdrawn.
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