PEKAN: The National Higher Education Fund Corporation (PTPTN) plans to open a National Education Savings Scheme (SSPN) counter next to the National Registration Department (JPN) counters.
This is to enable Malaysians to sign up for the education savings scheme with ease.
PTPN chairman Wan Saiful Wan Jan said the move was a way to encourage more parents to establish an education fund for their children.
He said this was among several strategies planned for 2020 to 2024 which were discussed at the corporation’s board meeting on Tuesday.
"We want to encourage parents to open a savings account with PTPTN from young, from the child's birth in fact.
"This would make it easier for them to continue their studies after finishing school. Instead of taking a PTPTN loan, they could instead take out their savings," he said.
Wan Saiful said this during the Jelajah SSPN 2019 Pahang chapter here today. The event was launched by Deputy Finance Minister Datuk Amirrudin Hamzah.
Amirrudin lauded the initiative, stating that saving for education should be made a habit or culture among Malaysians.
"Saving with SSPN for your child's education should come naturally. Just like how a Muslim signs up with Tabung Haji in the hope of going for their Haj," he said.
Wan Saiful also said that PTPTN was working with state governments to provide incentives with a SSPN account for every child as opposed to cash handouts.
He said this was meant to encourage Malaysians, especially those from the B40 group, to save for their children instead of depending on loans.
"We have met with Menteris Besar and Chief Ministers from five states including Kedah and Perak to inform them of the benefits of this scheme compared to cash," he said.
On another matter, Wan Saiful urged PTPTN borrowers who were unable to make repayments to come to them and seek help.
He said there were options such as restructuring.
"We understand the burden and problems faced by the youths. If they are not able to pay, they (should) come and meet us. We can help restructure your repayment schemes.
“Problem now is they do not come to see us. Do not keep quiet and feel burdened with the debt," he said.